Why is ONGC falling/rising?

As of 29-Jul, Oil & Natural Gas Corporation Ltd. (ONGC) is experiencing a price increase, currently at 241.45, reflecting a change of 1.35 or 0.56% upward. Despite this recent uptick, the stock has underperformed its sector by 0.83% today and has seen a decline of 2.01% over the past week. The stock has gained after four consecutive days of decline, indicating a potential trend reversal. While it is trading above its 100-day moving average, it remains below its 5-day, 20-day, 50-day, and 200-day moving averages. The stock's performance over the past year shows a significant decline of 27.48%, contrasting with a modest year-to-date gain of 1.00%. Positive factors include a high dividend yield of 5.74%, a low debt-to-equity ratio, and strong institutional holdings at 37.23%. However, the company has reported negative results for the last four quarters, with profits falling by 27.8%, which has contributed to the stock's overall poor performance.
In the broader market context, ONGC's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 1.03% over the past week and a 4.09% gain year-to-date. This underperformance is notable as the stock has generated a significantly higher negative return of 27.48% over the past year compared to the market's decline of 2.26%. The stock's liquidity remains adequate, with a delivery volume increase of 23.23% against the 5-day average, suggesting rising investor participation. Despite the attractive valuation metrics and potential for long-term growth, the recent negative earnings reports and overall market conditions have created a challenging environment for ONGC, influencing its stock price movements.