Why is Oil India falling/rising?

As of 01-Aug, Oil India Ltd. is experiencing a decline in its stock price, currently at 433.90, reflecting a decrease of 4.1 points or 0.94%. The stock has underperformed its sector by 0.32% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.43%. Despite being higher than the 100-day moving average, it is lower than the 5-day, 20-day, 50-day, and 200-day moving averages. Additionally, the delivery volume has decreased significantly, falling by 27.94% compared to the 5-day average. Over the past year, the stock has generated a return of -27.57%, with profits declining by 22.7%, indicating a challenging environment for the company despite its healthy long-term growth metrics, such as a 21.72% annual growth in net sales.
In the broader market context, Oil India's short-term performance has been relatively stable compared to the benchmark, with a 1-week return of -0.20% against the Sensex's -1.06%. This suggests that while the stock is declining, it is not significantly worse than the overall market trend. The company's low debt-to-equity ratio and high institutional holdings of 36.44% may provide some support, as institutional investors typically have better resources for analyzing company fundamentals. However, the recent drop in investor participation and the stock's underperformance relative to its sector may contribute to a cautious outlook among investors.