Why is Oil India falling/rising?

As of 14-Aug, Oil India Ltd. is experiencing a decline in its stock price, currently at Rs 400.75, which reflects a decrease of Rs 6.25 or 1.54%. The stock has underperformed its sector by 0.64% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.61% during this period. The stock touched an intraday low of Rs 396.65, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a high dividend yield of 3.07% and healthy long-term growth in net sales and operating profit, the company has reported negative results for the last four consecutive quarters, contributing to a significant year-over-year decline of 39.21% in stock returns compared to a mere 1.89% increase in the benchmark over the same period.
In the broader market context, Oil India's short-term performance has been notably poor, with a 1-week return of -7.43% compared to a negligible -0.03% change in the Sensex. This stark contrast highlights the stock's struggle against the overall market trend. The company's low debt-to-equity ratio and high institutional holdings indicate some level of stability; however, the persistent negative earnings reports and significant profit declines have overshadowed these factors, leading to a lack of investor confidence. Consequently, the stock's performance has been adversely affected, resulting in a notable underperformance relative to the market and its peers.