Why is ONGC falling/rising?

As of 06-Aug, Oil & Natural Gas Corporation Ltd. is experiencing a decline in its stock price, currently at 233.85, which reflects a decrease of 0.65 or 0.28%. The stock has underperformed its sector by 0.43% today and has been on a downward trend, losing 3.29% over the past week. It has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the stock has seen a drop in delivery volume by 9.76% compared to the 5-day average, which suggests falling investor participation. Despite a high dividend yield of 5.89%, the company has reported negative results for the last four consecutive quarters, with profits declining by 27.8%, contributing to the stock's poor performance, which has resulted in a 23.93% decrease over the past year.
In the broader market context, the stock has underperformed compared to the Sensex, which has seen a decline of only 1.15% over the past week and a gain of 3.08% year-to-date. This stark contrast highlights the challenges ONGC faces in attracting investor confidence amid its recent financial struggles. While the company maintains a low debt-to-equity ratio and has shown healthy long-term growth in operating profit, the negative quarterly results and significant profit declines have overshadowed these positives. Furthermore, the stock's high institutional holdings of 37.23% indicate that larger investors are also cautious, which may further impact the stock's performance in the near term.