Why is MOIL falling/rising?

As of 14-Aug, MOIL Ltd. is experiencing a decline in its stock price, currently at Rs 321.25, which reflects a decrease of Rs 12.05 or 3.62%. The stock has underperformed its sector by 2.47% today, reaching an intraday low of Rs 320.25. Over the past week, the stock has seen a slight decline of 0.54%, and it has significantly underperformed over the last month with a drop of 12.42%. The company's financial performance has raised concerns, particularly following negative results reported for June 25, where net sales and profit after tax fell sharply. Additionally, while institutional investors have increased their stake, the overall long-term growth appears poor, with a low debt-to-equity ratio and a high price-to-book value indicating an expensive valuation relative to peers.
In the broader market context, MOIL's performance contrasts sharply with the benchmark Sensex, which has only seen a minor decline of 0.03% over the past week. The stock's year-to-date performance is also disappointing, with a decline of 3.08% compared to the Sensex's gain of 3.15%. This underperformance is further highlighted by the fact that while the market has generated negative returns of 0.57% over the last year, MOIL's stock has plummeted by 21.49%. The combination of poor financial results, high valuation concerns, and a significant drop in investor participation has contributed to the stock's current downward trend.