Why is MOIL falling/rising?

As of 18-Aug, MOIL Ltd. is experiencing a price increase, currently at Rs 327.60, reflecting a rise of 6.35 or 1.98%. Today's performance indicates that the stock has outperformed its sector by 1.1%, reaching an intraday high of Rs 328.15. Despite this positive movement, the stock has shown a decline of 14.31% over the past month and a significant drop of 19.44% over the last year. The company has a low debt-to-equity ratio and has seen increasing participation from institutional investors, who have raised their stake by 1.88% in the last quarter, indicating a potential positive outlook. However, the recent financial results have been disappointing, with a 46% drop in PAT and a 12.2% decline in net sales compared to previous quarters, which raises concerns about long-term growth.
In the broader market context, MOIL's short-term return of 0.74% over the past week is slightly below the benchmark Sensex, which has increased by 0.83% during the same period. While the stock's recent performance shows some positive movement, it has underperformed significantly over the past year compared to the market, which has only declined by 1.14%. This disparity highlights the challenges MOIL faces in regaining investor confidence despite the recent uptick in price. The combination of poor long-term growth prospects and disappointing quarterly results suggests that while there may be short-term gains, the overall outlook remains cautious.