Why is HPCL falling/rising?

As of 03-Jul, Hindustan Petroleum Corporation Ltd. (HPCL) is experiencing a slight decline in its stock price, currently at 436.45, reflecting a decrease of 0.45 (-0.1%). The stock has underperformed its sector by 0.3% today and has seen a consecutive fall over the last two days, resulting in a total decline of 0.94% during this period. Despite this recent downturn, HPCL has shown strong performance over the past week, with a return of 3.85%, and a notable 32.52% increase over the past year. The company is trading close to its 52-week high, just 4.75% away, and maintains a high dividend yield of 3.78%. However, a significant drop in investor participation is evident, with delivery volume falling by 56.2% against the 5-day average, which may contribute to the stock's recent price movement.
In the broader market context, HPCL's short-term performance contrasts with the Sensex, which has declined by 0.62% over the past week. While HPCL has consistently outperformed the BSE500 over the last three years, the recent decline in profits by 57.9% could be raising concerns among investors, despite the company’s strong long-term growth indicators, such as a 10.06% annual growth in net sales and a high institutional holding of 36.12%. The stock's attractive valuation compared to peers and its ranking among the top companies by MarketsMojo suggest a solid foundation; however, the recent price drop may reflect market reactions to the declining profit trend and reduced trading activity.