Why is Oil India falling/rising?

As of 08-Aug, Oil India Ltd. is experiencing a decline in its stock price, currently at 431.60, down by 1.3 or 0.3%. The stock has underperformed the sector today, despite a slight outperformance of 0.67%. The stock's performance over the past week shows a decrease of 0.53%, and over the past month, it has fallen by 2.56%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, and 200-day moving averages, indicating a bearish trend. Although the company has a low debt-to-equity ratio and has shown healthy long-term growth in net sales and operating profit, its profits have fallen by 22.7% over the past year, contributing to the stock's negative return of 29.56% in that same period.
In the broader market context, Oil India's recent performance contrasts with the Sensex, which has decreased by 0.92% over the past week and 4.60% over the past month. While the stock has shown a positive return year-to-date of 0.10%, it still lags behind the benchmark's 2.20% gain. The falling investor participation, with a 15.08% drop in delivery volume compared to the 5-day average, suggests a lack of confidence among retail investors, despite high institutional holdings at 36.44%. This combination of factors indicates that while the company has strong fundamentals, the recent price movement reflects broader market pressures and declining investor interest.