Why is ONGC falling/rising?

As of 27-Jun, Oil & Natural Gas Corporation Ltd. (ONGC) is experiencing a decline in its stock price, currently at 242.90, reflecting a decrease of 1.65 points or 0.67%. The stock has underperformed its sector today by 1.73%, and while it is trading above its 100-day moving average, it is below the 5-day, 20-day, 50-day, and 200-day moving averages. Over the past week, ONGC has seen a return of -3.27%, and its performance over the last month is also negative at -0.67%. Although the company has a high dividend yield of 5.63% and has shown rising investor participation with a 20.8% increase in delivery volume, it has faced significant challenges, including a -9.23% return over the past year and a -27.8% decline in profits.
In the broader market context, ONGC's recent performance contrasts sharply with the Sensex, which has gained 2.00% over the past week and 3.07% over the past month. The company's negative results over the last four consecutive quarters, including a -26.2% drop in profit after tax, have contributed to its underperformance. Despite having a low debt-to-equity ratio and a strong institutional holding of 37.35%, the persistent decline in profitability and the stock's underwhelming returns compared to the benchmark indices indicate a lack of investor confidence, leading to the current downward trend in its stock price.