Why is Oil India falling/rising?

As of 07-Jul, Oil India Ltd. is experiencing a decline in its stock price, currently at 440.60, down by 5.3 points or 1.19%. The stock has underperformed its sector today by 1.79% and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.73% during this period. Despite showing positive returns over the past week and month, with increases of 1.45% and 3.83% respectively, the stock has faced challenges, including a significant drop in delivery volume by 38.19% compared to the 5-day average. Additionally, while the stock has a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, it has also reported negative results for the last three consecutive quarters, with a notable decline in profits.
In the broader market context, Oil India's performance has been less favorable compared to the benchmark, as it has generated a negative return of 10.00% over the past year, while the Sensex has increased by 4.31%. This underperformance is further highlighted by the stock's recent struggles, including a low earnings per share and a significant drop in profit after tax. Although the stock is trading at a discount compared to its peers and has high institutional holdings, the negative financial results and declining investor participation suggest a cautious outlook among investors, contributing to the current downward price movement.