Why is ONGC falling/rising?

As of 07-Jul, Oil & Natural Gas Corporation Ltd. (ONGC) is experiencing a decline in its stock price, currently at 241.50, which reflects a decrease of 3.8 points or 1.55%. Today's price summary indicates that the stock has underperformed its sector by 2.15% and has fallen after two consecutive days of gains. The stock is trading higher than its 100-day moving averages but lower than its 5-day, 20-day, 50-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 41.15% against the 5-day average. Despite a high dividend yield of 5.61%, the stock has underperformed over the past year, generating a return of -16.20%, while profits have decreased by 27.8%.
In the broader market context, ONGC's short-term performance has been weaker than the benchmark, with a 1-week return of -1.09% compared to the Sensex's -0.20%. This underperformance is compounded by the company's negative results over the last four consecutive quarters, which have contributed to a lack of investor confidence. Although the company has a low debt-to-equity ratio and high institutional holdings, the negative earnings reports and declining profits have overshadowed these positive aspects. As a result, the stock's recent movement reflects a combination of disappointing financial performance and reduced investor interest, leading to its current decline.