Why is B P C L falling/rising?

As of 13-Jun, Bharat Petroleum Corporation Ltd's stock price is currently at 312.65, reflecting a decline of 6.05, or 1.9%. The stock has underperformed its sector by 1.14% today and has experienced a consecutive fall over the last two days, resulting in a total drop of 6.36%. It opened with a significant loss of 3.98% and reached an intraday low of Rs 299.2. Despite these short-term declines, the stock has shown positive performance over the past month with a return of 2.01%, and a year-to-date increase of 6.94%. However, the company has faced challenges, including a 49.7% drop in profits over the past year, which may contribute to investor concerns despite its high dividend yield of 4.86% and strong management efficiency indicated by a high ROCE of 15.97%.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark Sensex, which has decreased by 1.30% over the past week. However, the stock's recent decline contrasts with its longer-term performance, where it has outperformed the benchmark over one month, year-to-date, and three years. The high institutional holdings at 37.76% suggest that knowledgeable investors are backing the company, but the recent flat results and declining profitability could be weighing on the stock's price. Overall, the combination of short-term price drops, underperformance against sector expectations, and concerns about profitability may be driving the stock's current downward trend.