Why is Oil India falling/rising?

As of 31-Jul, Oil India Ltd. is experiencing a decline in its stock price, currently at 438.00, which reflects a decrease of 6.7 or 1.51%. The stock has fallen after two consecutive days of gains, indicating a potential trend reversal. Despite being higher than the 100-day moving averages, it is lower than the 5-day, 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has decreased by 2.08%, while it has shown a slight increase of 0.84% over the past month. However, the stock has significantly underperformed over the past year with a return of -24.14%, coinciding with a 22.7% drop in profits. The company maintains a low debt-to-equity ratio of 0.40, and its healthy long-term growth indicators, such as a 21.72% annual growth rate in net sales and a 39.62% increase in operating profit, suggest that it has potential for recovery. High institutional holdings at 36.44% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals.
In the broader market context, the stock's recent performance has been less favorable compared to the benchmark Sensex, which has decreased by 1.22% over the past week. While Oil India has shown resilience with a year-to-date return of 1.59%, the benchmark has outperformed it with a 3.90% increase. The stock's liquidity remains adequate, with a delivery volume increase of 8.33% against the 5-day average, indicating rising investor participation. However, the overall negative sentiment reflected in the stock's year-on-year performance and the recent price drop suggests that investors may be cautious, leading to the current decline in stock price.