Why is Oil India falling/rising?

As of 01-Sep, Oil India Ltd. is experiencing a price increase, currently at 400.15, reflecting a rise of 10.2 or 2.62%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. It outperformed its sector by 2.1%, reaching an intraday high of Rs 401. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a significant decline over the past month, down 7.78%, and a staggering 45.95% over the past year, while its profits have decreased by 26.5%. However, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth in net sales and operating profit, which may support its valuation.
In the broader market context, Oil India's short-term return of -2.15% over the past week contrasts with the Sensex, which fell by 1.56%. This indicates that while the stock has recently gained, it has still underperformed relative to the benchmark in the short term. The high institutional holdings at 36.44% suggest that knowledgeable investors are backing the stock, potentially providing stability and confidence in its future performance. Overall, the recent price increase may reflect a combination of a trend reversal after a period of decline, rising investor participation, and the company's attractive valuation despite its recent struggles.