Why is C P C L falling/rising?

As of 07-Jul, Chennai Petroleum Corporation Ltd's stock price is currently at 738.35, reflecting a decrease of 32.7 points or 4.24%. Today's price summary indicates that the stock has underperformed its sector by 4.84% and has experienced a trend reversal after four consecutive days of gains. The stock touched an intraday low of Rs 736.9, and the weighted average price suggests that more volume was traded close to this low price. Despite this decline, the stock has shown strong performance over the past week and month, with returns of +8.64% and +13.87%, respectively. However, it has faced challenges over the past year, with a significant drop of -22.10% in returns and a 92.2% fall in profits. The company maintains a high dividend yield of 7.4%, which may attract investors despite the recent price drop.
In the broader market context, the Sensex has shown a slight decline of -0.20% over the past week, while CPCL's short-term performance has significantly outpaced this benchmark. The stock's strong returns over longer periods, such as +177.63% over three years and +820.64% over five years, indicate a robust long-term growth potential, supported by high management efficiency and attractive valuations compared to peers. However, the recent profit decline and the stock's current price movement suggest that investors may be reacting to short-term challenges despite the company's overall healthy long-term growth trajectory.