Why is ONGC falling/rising?

As of 16-Jul, Oil & Natural Gas Corporation Ltd. (ONGC) is experiencing a decline in its stock price, currently at 242.90, which reflects a decrease of 0.8 or 0.33%. The stock has underperformed its sector by 0.44% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 0.57% during this period. Over the past week, ONGC has seen a slight decrease of 0.18%, while its performance over the last month shows a more significant drop of 5.27%. Despite a high dividend yield of 5.65% and a healthy long-term growth rate in operating profit, the stock has faced challenges, including a substantial year-over-year decline of 24.66% in returns and a 27.8% fall in profits. Additionally, the company has reported negative results for the last four consecutive quarters, contributing to investor concerns.
In the broader market context, ONGC's short-term performance has been relatively poor compared to the benchmark, with a 1-year return of -24.66% against the Sensex's positive return of 2.38%. This underperformance highlights the stock's struggle to attract investor confidence, especially given its recent negative earnings reports. While the stock has a solid market capitalization and significant institutional holdings, the overall sentiment remains cautious due to its declining profitability and the negative trends in its quarterly results.