Why is Zodiac Energy falling/rising?

As of 01-Jul, Zodiac Energy Ltd's stock price is rising, currently at Rs 491.70, reflecting an increase of Rs 19.65 or 4.16%. The stock has outperformed its sector by 5.11% today and has shown consecutive gains over the last two days, accumulating a total return of 4.39% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has reported healthy long-term growth with net sales increasing at an annual rate of 41.81% and operating profit rising by 62.33%. However, despite these positive indicators, the stock has underperformed over the past year, with a significant decline of 36.43%, even as profits have increased by 82.5%.
In the broader market context, Zodiac Energy's short-term return of 3.76% over the past week surpasses the Sensex's return of 2.00% during the same period. While the stock has shown some positive momentum recently, it has still lagged behind the market over the longer term, with a year-to-date return of -2.54% compared to the Sensex's gain of 7.11%. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a cautious sentiment among institutional investors, which may reflect concerns about the stock's valuation despite its recent price increase.