Why is I O C L falling/rising?

As of 11-Jul, Indian Oil Corporation Ltd's stock price is currently at 150.60, reflecting a decrease of 1.7, or 1.12%. The stock's performance today is inline with its sector, although it is trading lower than its 5-day moving averages while remaining above the 20, 50, 100, and 200-day moving averages. Despite a positive return of 3.75% over the past month, the stock has seen a significant decline of 13.70% over the past year, coinciding with a drastic profit drop of 71.4%. The stock's high dividend yield of 4.6% and attractive valuation metrics, such as a return on capital employed (ROCE) of 5.9 and a favorable enterprise value to capital employed ratio, suggest potential for long-term growth, yet the recent decline in delivery volume by 7.44% indicates falling investor participation.
In the broader market context, the stock's short-term return of -0.69% over the past week is slightly better than the benchmark Sensex, which has declined by 1.12%. This suggests that while the stock is experiencing some downward pressure, it is performing relatively better compared to the overall market. The high institutional holdings at 36.94% may provide some stability, as these investors typically have more resources to analyze the company's fundamentals. However, the combination of falling profits and reduced investor participation may be contributing to the stock's current downward trend.