Why is I O C L falling/rising?

As of 17-Jul, Indian Oil Corporation Ltd's stock price is currently at 150.90, reflecting a decrease of 1.15, or 0.76%. The stock has recently underperformed its sector by 0.27% and has experienced a trend reversal, falling after two consecutive days of gains. The stock's delivery volume has also decreased significantly, down by 24.32% compared to the 5-day average, indicating a decline in investor participation. Over the past week, the stock has fallen by 0.92%, while it has shown a positive return of 6.61% over the past month. Despite a year-to-date increase of 10.63%, the stock has faced challenges, including a substantial profit decline of 71.4% over the past year, contributing to an overall return of -11.60% in that timeframe.
In the broader market context, the Sensex has declined by 1.12% over the past week, suggesting that the stock's short-term performance is slightly better than the benchmark. However, the stock's long-term growth potential remains intact, with an annual operating profit growth rate of 24.01% and a favorable valuation compared to its peers. High institutional holdings at 36.94% indicate confidence from larger investors, who typically have more resources to analyze company fundamentals. Despite these positive factors, the recent price movement reflects concerns over declining profits and reduced trading activity, which may be impacting investor sentiment negatively.