Why is Confidence Petro falling/rising?

As of 18-Sep, Confidence Petroleum India Ltd is experiencing a decline in its stock price, currently at Rs 47.93, which reflects a decrease of Rs 1.04 or 2.12%. The stock has underperformed its sector by 1.84% today and reached an intraday low of Rs 47.7, indicating a negative sentiment among investors. Over the past week, the stock has dropped by 1.78%, and it has shown a significant decline of 49.66% over the past year. Additionally, the stock is trading below its moving averages across various time frames, and there has been a notable decrease in investor participation, with delivery volume falling by 32.86% against the five-day average. While the company has a strong ability to service debt and has shown healthy long-term growth in net sales, the recent performance has been overshadowed by a significant drop in stock value and falling institutional investor participation, which has decreased by 1.72% over the previous quarter.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has risen by 1.80% over the past week. This underperformance is further highlighted by the stock's negative returns over various periods, including a 31.63% decline year-to-date compared to a 6.24% increase in the Sensex. Despite the company's positive financial indicators, such as a 72.32% growth in PAT and a healthy PEG ratio, the overall market sentiment remains weak, particularly due to the stock's long-term underperformance and reduced interest from institutional investors. This combination of factors contributes to the stock's current downward trajectory.