Why is Gandhar Oil Ref. falling/rising?

As of 18-Sep, Gandhar Oil Refinery (India) Ltd is experiencing a slight decline in its stock price, currently at 149.15, reflecting a decrease of 0.15 or 0.1%. The stock has recently fallen after five consecutive days of gains, indicating a potential trend reversal. It is currently trading above its 5-day and 20-day moving averages but below its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a return of +2.69%, outperforming the Sensex, which returned +1.80%. However, its performance over the past month is flat at -0.10%, and it has significantly underperformed over the year with a return of -28.33%. The company has a low debt-to-equity ratio of 0.06, but its profits have fallen by 43%, contributing to the stock's poor long-term growth outlook, with an annual operating profit decline of 13.44% over the last five years.
In the broader market context, while Gandhar Oil has shown some short-term resilience, its overall performance remains concerning compared to the benchmark. The stock has underperformed the BSE500 over the last three years, one year, and three months, which raises concerns among investors. The recent drop in delivery volume by 30.46% against the 5-day average suggests falling investor participation, further impacting the stock's price negatively. Despite the attractive valuation indicated by a return on capital employed (ROCE) of 10.8 and a favorable enterprise value to capital employed ratio of 1.2, the stock's recent performance and declining profits have led to a bearish sentiment among investors.