Why is Confidence Petro falling/rising?

As of 14-Aug, Confidence Petroleum India Ltd is experiencing a decline in its stock price, currently at Rs 47.98, which reflects a decrease of Rs 3.56 or 6.91%. The stock has underperformed its sector by 5.97% today and opened with a significant loss of 4.95%. It has touched an intraday low of Rs 47.8, marking a 7.26% drop. Over the past week, the stock has decreased by 3.60%, and it has shown a substantial decline of 40.92% over the past year. Despite a healthy long-term growth rate in net sales and a strong ability to service debt, the stock's recent performance has been hampered by falling participation from institutional investors, who have reduced their stake by 1.72% in the last quarter.
In the broader market context, the Sensex has remained relatively stable, with only a minor decline of 0.03% over the past week. This indicates that the stock's poor performance is not solely due to market conditions but rather specific issues within the company. The stock's long-term returns have also been disappointing, with a 31.55% decline year-to-date compared to a 3.15% gain in the benchmark. The combination of underperformance in both short and long-term returns, coupled with reduced institutional interest, suggests that investor sentiment towards Confidence Petroleum is currently negative, contributing to the stock's decline.