Why is Oil India falling/rising?

As of 19-Aug, Oil India Ltd. is currently priced at 408.10, reflecting an increase of 6.6, or 1.64%. The stock has been gaining for the last two days, with a return of 1.83% during this period. However, it has underperformed its sector by 0.63% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 3.87%, and it has experienced a significant drop of 40.81% over the past year, while its profits have fallen by 26.5%. Despite these challenges, the company has a low debt-to-equity ratio and strong long-term growth in net sales and operating profit, which may contribute positively to investor sentiment.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.76% over the past week and is up 4.49% year-to-date. While Oil India has shown some short-term gains, its long-term performance remains concerning, particularly given its substantial underperformance compared to the market and negative results over the last four quarters. The high institutional holdings at 36.44% suggest that informed investors are closely monitoring the company's fundamentals, which may influence future price movements. Overall, while there are some positive indicators, the stock's significant historical decline and recent underperformance relative to the market create a complex picture for investors.