Why is Confidence Petro falling/rising?

As of 29-Aug, Confidence Petroleum India Ltd is currently priced at 47.42, reflecting a decrease of 0.65, or 1.35%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 7% during this period. Additionally, the stock has shown a significant drop in returns over various time frames, including a 46.21% decline over the past year and a 32.35% decrease year-to-date. Despite a healthy long-term growth rate in net sales and profits, the stock's performance has been negatively impacted by a decrease in institutional investor participation and its consistent underperformance compared to the broader market.
In the broader market context, Confidence Petroleum's short-term performance has been notably worse than the benchmark, with a 4.53% decline over the past week compared to a 1.84% drop in the Sensex. This underperformance is compounded by the stock's trading below all key moving averages and a reduction in institutional stakes, indicating a lack of confidence from larger investors. While the company maintains a strong ability to service debt and has attractive valuations relative to peers, these positive factors have not been sufficient to counteract the negative sentiment and declining stock price in the current market environment.