Why is ONGC falling/rising?

As of 08-Aug, Oil & Natural Gas Corporation Ltd. (ONGC) is experiencing a decline in its stock price, currently at 233.10, reflecting a decrease of 0.65 or 0.28%. The stock has been on a downward trend, having lost 3.6% over the past week, marking seven consecutive days of losses. Additionally, ONGC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a high dividend yield of 5.9%, the stock's performance has been lackluster, with a one-year return of -27.77%, significantly underperforming the market, which has seen a negative return of only -1.79%. The company has also reported negative results for the last four consecutive quarters, contributing to investor concerns.
In the broader market context, ONGC's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has declined by only 0.92% over the past week. The stock's falling investor participation, evidenced by a 59% drop in delivery volume compared to the 5-day average, further indicates waning interest among investors. Although ONGC has a low debt-to-equity ratio and a healthy long-term growth rate in operating profit, the significant drop in profits by 27.8% over the past year has raised red flags. High institutional holdings at 37.23% suggest that more informed investors are also cautious, reflecting a broader sentiment of uncertainty surrounding the company's financial health.