Why is ONGC falling/rising?

As of 25-Jul, Oil & Natural Gas Corporation Ltd. (ONGC) is experiencing a decline in its stock price, currently at Rs 240.20, reflecting a decrease of Rs 4.6 or 1.88%. The stock has underperformed its sector by 0.34% today and has been on a consecutive downward trend for the past three days, resulting in a total decline of 2.35%. Additionally, ONGC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in delivery volume, falling by 45.25% against its 5-day average, which suggests a decrease in investor participation. Despite a high dividend yield of 5.63%, the company has reported negative results for the last four consecutive quarters, with profits down by 27.8%, contributing to the stock's poor performance over the past year, where it has fallen by 28.46%.
In the broader market context, ONGC's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.50% compared to the Sensex's -0.36%. This underperformance is compounded by the company's recent financial results, which have shown a significant decline in key metrics such as profit after tax and earnings per share. While ONGC has a strong market position as the second-largest company in its sector and maintains high institutional holdings, the negative financial results and declining investor interest have overshadowed these strengths, leading to a continued fall in its stock price.