Why is Gandhar Oil Ref. falling/rising?

As of 22-Sep, Gandhar Oil Refinery (India) Ltd is experiencing a decline in its stock price, currently at 146.10, which reflects a decrease of 1.35 or 0.92%. The stock has been underperforming, having lost 2.21% over the last three days and showing negative returns of -2.99% over the past month. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 81.43% against the 5-day average, the company's overall performance remains concerning. Over the past year, the stock has generated a return of -29.96%, coinciding with a significant profit decline of -43%. The company’s low debt-to-equity ratio and attractive valuation metrics are overshadowed by poor long-term growth, as evidenced by a -13.44% annual rate of operating profit growth over the last five years.
In the broader market context, Gandhar Oil's short-term performance is notably worse than the benchmark, with the Sensex showing a positive return of 0.46% over the past week while Gandhar Oil has declined by 0.61%. The stock's long-term underperformance is further highlighted by its negative returns compared to the BSE500 over the last three years, one year, and three months. This consistent underperformance, coupled with flat results in recent financial disclosures, suggests a lack of confidence among investors, contributing to the stock's downward trajectory.