Why is Oil India falling/rising?

As of 10-Jul, Oil India Ltd. is experiencing a decline in its stock price, currently at Rs 437.45, which represents a decrease of Rs 7.9 or 1.77%. The stock has underperformed its sector by 1.73% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 435.7, indicating a downward trend. Over the past week, the stock has decreased by 3.42%, while its performance over the last month shows a slight increase of 0.03%. However, the stock has significantly underperformed over the past year with a return of -14.69%, while its profits have also fallen by 22.7%. The company's recent negative results over the last three consecutive quarters have contributed to this decline, with a notable drop in PAT and PBT.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, as the Sensex has generated a return of 0.06% over the past week and 6.46% year-to-date. While Oil India has a healthy long-term growth outlook with strong net sales growth and a low debt-to-equity ratio, the recent negative earnings reports and declining investor participation—evidenced by a 63.47% drop in delivery volume—have overshadowed these positives. The stock is trading at a discount compared to its peers, but the high institutional holdings indicate that these investors are cautious given the company's recent performance.