Why is MOIL falling/rising?

As of 04-Aug, MOIL Ltd. is experiencing a price increase, currently at Rs 346.50, reflecting a rise of Rs 10.45 or 3.11%. The stock has shown a trend reversal, gaining after seven consecutive days of decline, and today it outperformed its sector by 1.54%. The stock reached an intraday high of Rs 347.95, and there has been a notable increase in investor participation, with delivery volume rising by 54.27% compared to the five-day average. However, despite a year-to-date return of +4.54%, the stock has underperformed over the past year with a decline of -26.95%, and it is trading at a premium compared to its peers, which may raise concerns among investors.
In the broader market context, the Sensex has shown a slight gain of +0.16% over the past week, while MOIL's return for the same period is a significant decline of -6.68%. This indicates that while the stock is currently rising, it has struggled in the short term relative to the benchmark. The recent increase in institutional investor participation, with a 1.88% rise in their stake, suggests a growing confidence among those with more resources to analyze the company's fundamentals. However, the company faces challenges such as poor long-term growth and disappointing recent financial results, which could temper the enthusiasm surrounding its current price movement.