Why is Oil Country falling/rising?

As of 17-Jul, Oil Country Tubular Ltd's stock price is currently at 87.00, reflecting a decrease of 0.78, or 0.89%. The stock has been underperforming, having fallen for the last six consecutive days, resulting in a total decline of 6.02% during this period. Despite this recent downturn, the company has shown strong performance over the longer term, with a remarkable 125.97% increase in stock value over the past year and a staggering 1021.13% increase over the last three years. Positive factors contributing to the stock's performance include consistent positive results over the last four quarters, significant growth in net sales, and a high inventory turnover ratio. However, concerns regarding weak long-term fundamental strength, including a low return on capital employed and a high debt-to-EBITDA ratio, may be influencing investor sentiment negatively.
In the broader market context, Oil Country's recent performance contrasts with the benchmark, as it has underperformed the Sensex by 5.42% over the past week, while the Sensex itself has only declined by 1.12%. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting rising investor participation despite the recent price drop. Overall, while the company has demonstrated strong historical returns, the current decline in stock price may be attributed to investor concerns regarding its long-term growth potential and profitability amidst a backdrop of recent underperformance relative to the broader market.