Why is HPCL falling/rising?

As of 18-Jul, Hindustan Petroleum Corporation Ltd. (HPCL) is experiencing a decline in its stock price, currently at 430.30, which reflects a decrease of 9.45 points or 2.15%. The stock has underperformed its sector by 2.11% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.52% during this period. Additionally, the stock touched an intraday low of Rs 429.5. Despite a strong long-term growth trajectory, with net sales growing at an annual rate of 10.06% and a high dividend yield of 3.75%, the stock's recent performance is overshadowed by a significant drop in profits, which fell by 57.9% over the past year. Furthermore, falling investor participation is evident, as the delivery volume has decreased by 61.24% compared to the five-day average.
In the broader market context, HPCL's short-term performance has been weaker than the benchmark Sensex, which has declined by only 0.90% over the past week while HPCL fell by 1.25%. This underperformance is compounded by the stock's recent price movements and declining investor interest, despite its strong institutional holdings of 36.12% and a favorable valuation compared to peers. While HPCL has shown consistent returns over the last three years, the current market sentiment appears to be negatively influenced by the recent profit drop and reduced trading activity, leading to the stock's current downward trend.