Why is Confidence Petro falling/rising?

As of 23-Sep, Confidence Petroleum India Ltd is experiencing a decline in its stock price, currently at Rs 46.89, reflecting a decrease of -0.17 or -0.36%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of -4.25% during this period. Additionally, it is trading lower than all its moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being just 4.54% away from Rs 44.76. Despite a strong ability to service debt and healthy long-term growth in net sales, the stock's performance has been lackluster, with a significant drop of -49.14% over the past year, even as profits have increased by 15.1%. The recent decrease in institutional investor participation, which has fallen by -1.72%, further adds to the negative sentiment surrounding the stock.
In the broader market context, Confidence Petroleum's recent performance contrasts sharply with the benchmark index, the Sensex, which has shown a slight increase of +0.98% over the past month. The stock's short-term return of -2.62% over the past week also highlights its underperformance compared to the benchmark's decline of only -0.34%. This disparity in performance suggests that while the overall market may be stabilizing or improving, Confidence Petroleum is struggling to attract investor confidence, particularly among institutional investors, which could be contributing to its ongoing price decline.