Why is ONGC falling/rising?

As of 09-Sep, Oil & Natural Gas Corporation Ltd. is experiencing a decline in its stock price, currently at 231.45, reflecting a decrease of 0.95 or 0.41%. The stock has been underperforming, with a consecutive fall over the last five days, resulting in a total decline of 3.34% during this period. Additionally, ONGC 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 5.37% and strong fundamentals such as a low Debt to EBITDA ratio and healthy long-term growth in net sales and operating profit, the stock has faced significant pressure, evidenced by a 22.58% drop over the past year, coupled with a 20.9% decline in profits.
In the broader market context, ONGC's performance has been notably weaker compared to the benchmark index, the Sensex, which has gained 1.18% over the past week and 1.56% over the past month. While the stock has shown some resilience with a high institutional holding of 37.23%, indicating confidence from larger investors, it has still underperformed the market significantly over the last year. The overall market sentiment appears to favor other sectors, as ONGC's returns have lagged behind the BSE500 index, which recorded a lesser decline of 2.87% in the same timeframe. This combination of factors contributes to the stock's current downward trajectory.