Why is Oil India falling/rising?

As of 25-Jul, Oil India Ltd. is experiencing a decline in its stock price, currently at Rs 434.75, which reflects a decrease of Rs 12.55 or 2.81%. The stock has underperformed its sector by 1.43% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.06%. Over the past week, the stock has fallen by 3.04%, while its year-to-date performance shows a modest increase of 0.83%. Despite a healthy long-term growth rate in net sales and operating profit, the stock has generated a negative return of 23.25% over the past year, coinciding with a 22.7% drop in profits. The company maintains a low debt-to-equity ratio and has high institutional holdings, which may provide some stability, yet these factors have not been sufficient to counteract the recent price decline.
In the broader market context, Oil India's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 0.36% over the past week. While the stock's liquidity appears adequate for trading, with a delivery volume increase of 89.52% against the five-day average, the overall market sentiment seems to be affecting its price negatively. The stock is trading at a discount compared to its peers, but the recent consecutive falls and underperformance against the sector suggest that investor confidence may be waning, contributing to the current downward trend.