Why is Oil India falling/rising?

As of 27-Jun, Oil India Ltd. is experiencing a decline in its stock price, currently at Rs 434.25, which reflects a decrease of Rs 8.15 or 1.84%. The stock has underperformed its sector by 2.9% today, touching an intraday low of Rs 431.1. Over the past week, the stock has decreased by 6.52%, while it has shown a modest increase of 0.73% over the past month. Despite a strong long-term growth trajectory with net sales increasing at an annual rate of 21.72% and operating profit at 39.62%, the stock has generated a negative return of 7.02% over the past year, coinciding with a significant profit decline of 22.7%. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 16.05% against the 5-day average, which may indicate waning interest among investors.
In the broader market context, the Sensex has increased by 2.00% over the past week and 3.07% over the past month, highlighting that Oil India's recent performance is not in line with the overall market trend. The company's low debt-to-equity ratio of 0.40 and high institutional holdings at 36.69% suggest a stable financial position and potential for recovery, yet these factors have not translated into positive stock performance recently. The stock is trading at a discount compared to its peers, which may attract long-term investors, but the current negative sentiment and declining profits are overshadowing these positives, contributing to the stock's downward movement.