Why is Oil India falling/rising?

As of 04-Aug, Oil India Ltd. is experiencing a decline in its stock price, currently at 428.40, which reflects a decrease of 5.65 points or 1.3%. The stock has underperformed its sector by 2.19% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 3.67% during this period. Over the past month, the stock has decreased by 3.92%, while it has shown a significant drop of 29.32% over the past year. Despite these declines, the company maintains a low debt-to-equity ratio of 0.40 and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 21.72% and operating profit at 39.62%. However, the stock's profits have fallen by 22.7% over the past year, contributing to the negative sentiment surrounding it.
In the broader market context, Oil India's short-term performance of -3.92% over the last month contrasts with the Sensex, which has declined by only 2.89% during the same period. This indicates that Oil India is underperforming relative to the overall market. While the stock has shown a strong return of 245.54% over the past three years, the recent trends and the significant drop in profits have likely led to cautious sentiment among investors, despite high institutional holdings at 36.44% that suggest confidence in the company's fundamentals. The rising investor participation, indicated by a 44.86% increase in delivery volume, may provide some support, but the overall negative returns and recent performance suggest a challenging environment for the stock.