Why is HPCL falling/rising?

As of 10-Jul, Hindustan Petroleum Corporation Ltd. is currently priced at 441.20, reflecting a decrease of 3.85, or 0.87%. The stock has been underperforming recently, having fallen for the last two days, resulting in a total decline of 2.72%. Despite this short-term drop, the stock has shown positive performance over longer periods, with a 1.09% increase over the past week and an impressive 31.54% rise over the last year. The stock is also close to its 52-week high, just 3.81% away, and has a high dividend yield of 3.71%. However, it has underperformed its sector by 1% today, which may contribute to the current price decline. Positive factors include strong long-term growth in net sales and operating profit, as well as high institutional holdings at 36.12%, indicating confidence from larger investors.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week. While HPCL has outperformed the benchmark over longer periods, the recent consecutive falls may reflect broader market sentiments or sector-specific challenges. The stock's liquidity remains healthy, and its valuation appears attractive compared to peers, but the recent drop in profits by 57.9% over the past year could be a concern for investors. Overall, while the stock has shown strong historical returns and positive fundamentals, the recent price movement suggests a cautious sentiment among investors in the short term.