Why is I O C L falling/rising?

As of 09-Jul, Indian Oil Corporation Ltd is experiencing a decline in its stock price, currently at 150.10, which reflects a decrease of 3.7 or 2.41%. The stock has underperformed its sector by 1.27% today and has fallen after three consecutive days of gains. It reached an intraday low of Rs 149.75, indicating a drop of 2.63%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 1.49% and 4.71%, respectively. However, the stock's one-year performance remains negative at -12.58%, coinciding with a significant profit decline of 71.4%. The company does maintain a high dividend yield of 4.55%, which may attract some investors, but the falling investor participation, as indicated by a decrease in delivery volume, suggests waning interest.
In the broader market context, the Sensex has shown a modest gain of 0.15% over the past week, while Indian Oil Corporation's short-term performance has outpaced this benchmark. The stock's long-term growth potential is supported by a healthy operating profit growth rate of 24.01% and a favorable valuation compared to its peers. However, the high institutional holdings at 36.94% indicate that more sophisticated investors are closely monitoring the stock's fundamentals, which may contribute to its current volatility. Overall, while the stock has attractive long-term prospects, the recent price decline reflects immediate market pressures and investor sentiment.