Why is MOIL falling/rising?

As of 23-Jul, MOIL Ltd. is experiencing a price increase, currently at Rs 393.65, reflecting a rise of Rs 5.0 or 1.29%. The stock has shown strong performance recently, gaining 3.06% over the last two days and outperforming its benchmarks with a 4.96% increase over the past week and a 6.38% increase over the past month. Additionally, MOIL is trading above its moving averages across various time frames, indicating a positive trend. The recent increase in delivery volume by 198.68% suggests heightened investor interest, particularly from institutional investors who have raised their stake by 1.88% in the last quarter, indicating confidence in the company's fundamentals.
In the broader market context, MOIL's short-term performance significantly outpaces the Sensex, which has only increased by 0.11% over the past week. This strong relative performance highlights the stock's resilience and attractiveness compared to the overall market. The combination of rising investor participation, particularly from institutions, and consistent price gains positions MOIL favorably against its benchmark, reinforcing the stock's upward trajectory.