Why is C P C L falling/rising?

As of 14-Jul, Chennai Petroleum Corporation Ltd's stock price is currently at 721.00, reflecting an increase of 0.9 (0.12%). The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -2.35% compared to the Sensex's -1.42%. However, over the past month, it has outperformed the benchmark with a return of +12.66% against the Sensex's +1.40%. The stock's high dividend yield of 7.64% and strong management efficiency, indicated by a high ROCE of 23.43%, contribute positively to its valuation, although it has faced challenges with a significant drop in profits and a decrease in institutional investor participation.
In the broader market context, while the stock has shown resilience in the short term, it has significantly underperformed over the past year, generating a return of -31.20% compared to the BSE500's positive return of 0.26%. This underperformance is compounded by a decline in institutional investor stakes and a notable drop in delivery volumes, indicating reduced market interest. Despite the healthy long-term growth potential and attractive valuation compared to peers, the recent negative trends in profitability and investor participation suggest caution among investors.