Why is I O C L falling/rising?

As of 29-Jul, Indian Oil Corporation Ltd's stock price is currently at 147.85, reflecting an increase of 0.4 or 0.27%. The stock has been gaining for the last two days, with a total return of 0.58% during this period. However, it has underperformed its sector by 1.12% today. In terms of longer-term performance, the stock has seen a decline of 17.95% over the past year, despite a healthy annual growth rate of 24.01% in operating profit. The stock is trading at a discount compared to its peers, which may attract investors, but it has also experienced a significant drop in profits by 71.4% over the past year. Additionally, the delivery volume has decreased by 27.8% compared to the 5-day average, indicating falling investor participation.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.67%, while the benchmark Sensex has only decreased by 1.03%. This indicates that the stock is underperforming relative to the market. Year-to-date, however, Indian Oil Corporation Ltd has outperformed the Sensex, with a return of 8.39% compared to the benchmark's 4.09%. The high institutional holdings at 37.35% suggest that more informed investors are backing the stock, which could provide some stability despite recent volatility. Overall, while the stock has shown some short-term gains, the significant decline in profits and reduced investor participation may be contributing to a cautious outlook.