Why is HPCL falling/rising?

As of 02-Jul, Hindustan Petroleum Corporation Ltd. (HPCL) is experiencing a decline in its stock price, currently at 436.90, which reflects a decrease of 3.7 points or 0.84%. Despite this drop, the stock has shown strong performance over the past week and month, with returns of 7.29% and 7.28%, respectively. However, today's performance indicates that HPCL underperformed its sector by 0.33%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend. Nonetheless, there has been a notable decrease in investor participation, with delivery volume falling by 38.74% against the 5-day average. Additionally, while HPCL has a high dividend yield of 3.74%, its profits have seen a significant decline of 57.9% over the past year, which may be contributing to the current price drop.
In the broader market context, HPCL's recent performance has outpaced the benchmark Sensex, which has only gained 0.79% over the past week. The stock's long-term growth prospects remain strong, with a 33.14% return over the past year and a healthy annual growth rate in net sales and operating profit. Furthermore, HPCL's high institutional holdings at 36.12% indicate confidence from larger investors who can analyze the company's fundamentals effectively. Despite the recent price decline, the stock is still trading at a discount compared to its peers, and it is among the top-rated companies by MarketsMojo, which may provide a buffer against further declines. However, the combination of falling profits and reduced investor participation could be weighing on the stock's current performance.