Why is Confidence Petro falling/rising?

As of 26-Aug, Confidence Petroleum India Ltd is experiencing a decline in its stock price, currently at 48.40, which represents a decrease of 0.83 or 1.69%. The stock has underperformed its sector by 1.87% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.08% during this period. Additionally, the stock has shown negative returns over various time frames, including a 3.64% drop over the past week and a significant 30.96% decline year-to-date. Despite strong fundamentals, such as a low Debt to EBITDA ratio and healthy growth in net sales and profits, the stock's recent performance has been negatively impacted by falling investor participation, particularly from institutional investors, who have reduced their stakes.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 1.05% over the past week. This underperformance is further highlighted by the stock's returns over the last year, which stand at -46.13%, contrasting sharply with the Sensex's positive return of 3.39% year-to-date. The overall market sentiment appears to be unfavorable for Confidence Petroleum, as evidenced by the declining delivery volume and the stock trading below its moving averages, indicating a lack of investor confidence and liquidity challenges.