Why is ONGC falling/rising?

As of 28-Aug, Oil & Natural Gas Corporation Ltd. is experiencing a decline in its stock price, currently at 233.45, which reflects a decrease of 0.7 or 0.3%. The stock has been losing value for the last two days, with a total drop of 1.35% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant increase in delivery volume by 159.83% against the 5-day average, the stock's performance over the past year has been poor, with a return of -28.76%, which is substantially worse than the market's overall decline of -2.08%. The company's ability to service debt remains strong, and it boasts a high dividend yield of 4.79%, but these factors have not been sufficient to counteract the negative sentiment surrounding its recent performance.
In the broader market context, the stock's short-term performance has been relatively weak compared to the benchmark, as it has underperformed the Sensex, which has seen a decline of 2.34% over the past week. The company's annual sales account for a significant portion of the industry, yet its profits have decreased by 20.9%, contributing to the stock's negative trajectory. While ONGC has a high institutional holding of 37.23%, indicating confidence from larger investors, the overall market sentiment has been unfavorable, leading to a continued decline in the stock's value. The combination of flat results in recent earnings and a substantial underperformance relative to both the market and its peers has resulted in a challenging environment for ONGC's stock price.