Why is Cont. Petroleums falling/rising?

As of 18-Aug, Continental Petroleums Ltd is experiencing a decline in its stock price, currently at 106.25, reflecting a decrease of 7.95 (-6.96%). The stock has been underperforming, having fallen for four consecutive days, resulting in a total drop of 13.22% during this period. It opened today with a loss of 2.89% and reached an intraday low of Rs 104, indicating significant selling pressure. Additionally, the stock is trading below all its moving averages, which suggests a bearish trend. Despite a strong historical performance with a 31.17% return over the past year, the company's profits have decreased by 0.5%, and its operating profits have shown weak long-term growth, contributing to the current negative sentiment.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.83% over the past week. While Continental Petroleums has underperformed the sector by 8.53% today, its year-to-date return of -4.54% also lags behind the Sensex's 4.01% gain. The stock's liquidity remains adequate, but the majority of shareholders are non-institutional, which may affect stability. Overall, the combination of declining profits, weak operating growth, and recent price movements has led to a bearish outlook for Continental Petroleums Ltd.