Why is Oil India falling/rising?

As of 11-Jul, Oil India Ltd. is experiencing a decline in its stock price, currently at Rs 432.00, which reflects a decrease of Rs 5.45 or 1.25%. The stock has been losing value for the last two days, with a total drop of 3% during this period. It has also underperformed in the short term, showing a 1-week return of -3.12% compared to the Sensex's -1.12%. The stock's performance has been further impacted by a decrease in delivery volume, which fell by 11.62% against the 5-day average, indicating a decline in investor participation. Additionally, the stock's returns over the past year have been significantly negative at -21.66%, while profits have decreased by 22.7%, contributing to a bearish sentiment among investors.
In the broader market context, Oil India's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE500, which generated a return of 0.52% over the last year. Despite the company's healthy long-term growth metrics, such as a 21.72% annual growth rate in net sales, the negative results declared over the last three consecutive quarters have raised concerns among investors. The stock is trading at a discount compared to its peers, but high institutional holdings at 36.69% suggest that these investors may have a better understanding of the company's fundamentals. Overall, the combination of recent poor financial performance and declining investor interest has led to the stock's downward movement.