Why is Confidence Petro falling/rising?

As of 09-Oct, Confidence Petroleum India Ltd is experiencing a decline in its stock price, currently at Rs. 42.26, which represents a decrease of 2.48 (-5.54%). The stock has recently hit a new 52-week low of Rs. 42.02 and has underperformed its sector by 5.81%. Over the past week, the stock has fallen by 7.53%, and its year-to-date performance shows a significant decline of 39.71%. Despite a healthy long-term growth rate in net sales and a strong ability to service debt, the stock's recent performance has been negatively impacted by falling participation from institutional investors, who have reduced their stake by 1.72%. This consistent underperformance against the benchmark, with a return of -48.71% over the last year, has contributed to the stock's downward trend.
In the broader market context, the Sensex has shown a positive return of 1.47% over the past week, contrasting sharply with Confidence Petroleum's negative performance. This divergence highlights the stock's struggles relative to the overall market. The stock's high volatility today, with an intraday volatility of 5.02%, further indicates uncertainty among investors. Additionally, the increase in delivery volume suggests some rising interest, but it has not been enough to counteract the negative sentiment driven by institutional selling and the stock's historical underperformance.