Why is ONGC falling/rising?

As of 07-Aug, Oil & Natural Gas Corporation Ltd. is experiencing a slight decline in its stock price, currently at 233.75, reflecting a decrease of 0.1 or 0.04%. The stock has been underperforming recently, having fallen for six consecutive days, resulting in a total decline of 3.33% during this period. Additionally, the stock's performance over the past week shows a decrease of 2.81%, while it has also underperformed on a monthly basis with a drop of 3.21%. Despite a high dividend yield of 5.89% and a low debt-to-equity ratio of 0.39, the company has reported negative results for the last four consecutive quarters, which has contributed to a significant annual decline of 28.94% in its stock price, compared to a modest gain of 1.45% in the benchmark index over the same period.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only declined by 0.69% over the past week. This indicates that ONGC is not only underperforming against the market but also struggling to attract investor participation, as evidenced by a 5.17% drop in delivery volume compared to the five-day average. The company's high institutional holdings at 37.23% suggest that these investors, who typically have better analytical capabilities, may be cautious given the company's recent financial performance. Overall, the combination of negative earnings results, declining stock performance, and reduced investor interest has led to the current downward trend in ONGC's stock price.