Why is Confidence Petro falling/rising?

As of 28-Aug, Confidence Petroleum India Ltd is experiencing a decline in its stock price, currently at 48.07, which reflects a decrease of 0.33 or 0.68%. The stock has underperformed its sector by 0.62% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 5.73% over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The recent drop in delivery volume by 43.8% compared to the 5-day average suggests falling investor participation, which may further contribute to the stock's downward pressure. Despite a strong ability to service debt and healthy long-term growth in net sales, the stock's performance has been poor, with a staggering 46.38% decline over the past year, even as profits have increased by 15.1%.
In the broader market context, the stock's recent performance has been notably worse than the benchmark, with a 5.73% decline over the past week compared to a 2.34% drop in the Sensex. This underperformance is compounded by a decrease in institutional investor participation, which has fallen by 1.72% over the previous quarter, indicating a lack of confidence among more sophisticated investors. The stock's long-term performance has also been disappointing, underperforming the BSE500 over the last three years, one year, and three months. While the company has attractive valuations and growth potential, the combination of falling investor interest and poor recent performance has led to a negative sentiment surrounding the stock.