Why is HPCL falling/rising?

As of 17-Jul, Hindustan Petroleum Corporation Ltd. is currently priced at 439.75, reflecting a decrease of 6.25 or 1.4%. The stock has recently underperformed its sector by 0.91% and has experienced a trend reversal after two consecutive days of gains. Despite this decline, HPCL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Over the past month, the stock has shown a strong return of 12.22%, significantly outperforming the Sensex, which only gained 0.83%. However, it is important to note that while the stock has generated a return of 22.80% over the past year, its profits have fallen by 57.9%, which may be contributing to the current price decline.
In the broader market context, HPCL's recent performance contrasts with the Sensex, which has seen a decline of 1.12% over the past week. The stock's high institutional holdings at 36.12% suggest that informed investors are backing the company, which could provide some stability despite the recent price drop. Additionally, HPCL's attractive valuation, indicated by a high dividend yield of 3.8% and consistent returns over the last three years, positions it favorably compared to its peers. However, the recent fall in profits may be causing some concern among investors, leading to the current price movement.