Why is Oil India falling/rising?

As of 11-Aug, Oil India Ltd. is experiencing a decline in its stock price, currently at 423.25, which reflects a decrease of 8.35 points or 1.93%. The stock has underperformed its sector by 2.94% today and has been on a consecutive downward trend for the last two days, with a total decline of 2.23%. It reached an intraday low of Rs 418.6, indicating significant selling pressure. Over the past week, the stock has decreased by 1.29%, and year-to-date, it has fallen by 1.83%, contrasting with a 3.15% increase in the benchmark Sensex. The stock's performance over the past year shows a substantial decline of 34.27%, while its profits have decreased by 22.7%. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the stock's recent movement reflects negative sentiment among investors.
Broader Market Context: In the short term, Oil India's performance has been weaker compared to the benchmark Sensex, which has only declined by 0.51% over the past week. The stock's recent underperformance can be attributed to falling investor participation, as evidenced by a 4.22% drop in delivery volume against the five-day average. Additionally, while institutional holdings are high at 36.44%, suggesting confidence from larger investors, the overall market sentiment appears cautious, leading to a decline in the stock's price. The stock is trading at a discount compared to its peers, but the significant drop in returns over the past year may be causing concern among investors, contributing to the current downward trend.