Why is ONGC falling/rising?

As of 05-Sep, Oil & Natural Gas Corporation Ltd. is experiencing a decline in its stock price, currently at 234.15, down by 1.7 points or 0.72%. The stock has underperformed its sector by 1.46% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 2.21% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a high dividend yield of 5.3%, the stock's performance over the past year has been poor, with a return of -24.82%, significantly worse than the market's decline of -1.81%. The company's profits have also fallen by 20.9%, contributing to the negative sentiment surrounding the stock.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of only 0.15% compared to the Sensex's 1.13%. This underperformance is compounded by a decrease in investor participation, as evidenced by a 4.6% drop in delivery volume against the 5-day average. While the company has a strong ability to service debt and healthy long-term growth metrics, these factors have not translated into positive stock movement recently. The high institutional holdings at 37.23% suggest that knowledgeable investors are closely monitoring the stock, but the overall negative trends in returns and profit declines have overshadowed these strengths, leading to the current downward pressure on the stock price.