Why is ONGC falling/rising?

As of 31-Jul, Oil & Natural Gas Corporation Ltd. is experiencing a decline in its stock price, currently at 240.50, which reflects a decrease of 1.3 or 0.54%. The stock has fallen after two consecutive days of gains and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite outperforming its sector by 0.87% today, the stock has shown a negative return of -1.76% over the past week and -1.15% over the past month. The company has reported a high dividend yield of 5.7% and a low debt-to-equity ratio of 0.39, indicating some financial stability. However, it has faced negative results for the last four consecutive quarters, with a significant decline in profits, which has contributed to its underperformance, generating a return of -28.06% over the past year compared to a -0.68% return for the benchmark.
In the broader market context, the stock's recent performance has been weaker than the benchmark, as it has underperformed the Sensex, which has seen a decline of only 1.22% over the past week. The company's negative quarterly results and falling profits have led to a lack of investor confidence, despite its high institutional holdings of 37.23%, which typically indicate a more stable investment. The overall market has also been challenging, with the BSE500 generating negative returns of -3.20% in the last year, but ONGC's decline has been significantly steeper, highlighting the stock's struggles in a difficult economic environment.