Why is ONGC falling/rising?

As of 10-Jul, Oil & Natural Gas Corporation Ltd. is experiencing a decline in its stock price, currently at 243.00, reflecting a decrease of 0.35 (-0.14%). The stock has fallen after two consecutive days of gains, and its performance today is in line with the sector. The stock is trading higher than the 100-day moving averages but lower than the 5-day, 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has decreased by 0.41%, and over the past month, it has fallen by 0.65%. Despite a high dividend yield of 5.66% and rising investor participation, the company has reported negative results for the last four consecutive quarters, with a significant drop in profits, contributing to its underperformance, as evidenced by an 18.47% decline over the past year.
In the broader market context, the stock has underperformed compared to the benchmark, with the Sensex showing a slight decline of only 0.06% over the past week and a positive return of 0.97% over the past month. This stark contrast highlights the challenges faced by ONGC, particularly its negative earnings trends and the impact of high institutional holdings, which may indicate a cautious sentiment among larger investors. The company's low debt-to-equity ratio and healthy long-term growth potential are overshadowed by its recent financial performance, leading to a lack of investor confidence and contributing to the stock's current downward trajectory.