Why is Confidence Petro falling/rising?

As of 11-Sep, Confidence Petroleum India Ltd is experiencing a decline in its stock price, currently at 48.80, reflecting a decrease of 0.4 or 0.81%. The stock has underperformed its sector by 1.04% today and has shown a trend reversal after two consecutive days of gains. In terms of returns, the stock has seen a modest increase of 0.62% over the past week, but it has underperformed over the longer term, with a 30.39% decline year-to-date and a staggering 43.76% drop over the past year. Despite a strong ability to service debt and healthy long-term growth in net sales, the stock's recent performance is hindered by falling participation from institutional investors, who have reduced their stake by 1.72% in the last quarter.
In the broader market context, the stock's short-term performance of +0.62% over the past week is less than the Sensex's gain of +1.03% during the same period. This underperformance is indicative of the stock's struggles, particularly given its negative returns over the past year and three years compared to the benchmark indices. While the company has shown positive growth in net sales and profits, the overall sentiment remains cautious due to the significant declines in stock value and reduced institutional interest, which may signal a lack of confidence among more sophisticated investors.