Why is ONGC falling/rising?

As of 21-Aug, Oil & Natural Gas Corporation Ltd. (ONGC) is experiencing a slight increase in its stock price, currently at 238.25, with a change of 0.3 (0.13%) upward. The stock has been gaining for the last two days, showing a return of 0.15% during this period, although it has underperformed its sector by 0.51%. In terms of longer-term performance, ONGC has seen a decline of 2.77% over the past month and a significant drop of 27.29% over the past year, while its profits have decreased by 20.9%. Despite these challenges, the company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.41 times, and a healthy long-term growth outlook with net sales growing at an annual rate of 11.73%.
In the broader market context, ONGC's recent performance contrasts with the Sensex, which has risen by 1.74% over the past week and 4.94% year-to-date. While ONGC's stock has shown some resilience with a high dividend yield of 5.79% and strong institutional holdings at 37.23%, it still faces pressure from its overall negative returns compared to the benchmark. The stock's current price is trading at a discount relative to its peers, indicating potential for recovery, but the significant year-over-year decline suggests ongoing challenges that could affect investor sentiment.