Why is Adani Total Gas falling/rising?

As of 30-Jun, Adani Total Gas Ltd is experiencing a decline in its stock price, currently at 675.80, which reflects a decrease of 6.4 points or 0.94%. The stock has recently underperformed its sector by 1.08% and has seen a trend reversal after five consecutive days of gains. Despite trading above its moving averages, the stock has shown poor performance over the past month with a return of -1.16%, and a significant decline of -24.54% over the past year. Factors contributing to this decline include a low return on capital employed (ROCE) of 16.15% and a decrease in profit before tax and profit after tax compared to previous quarters, indicating weak financial performance. Additionally, the low stake held by domestic mutual funds, at only 0.79%, suggests a lack of confidence in the stock's valuation or business prospects.
In the broader market context, while the Sensex has generated a return of 2.09% over the past week, Adani Total Gas has outperformed with a return of 7.33% in the same period. However, this short-term gain is overshadowed by its long-term underperformance, with a year-to-date decline of -11.38% compared to the Sensex's positive return of 7.00%. The company’s market capitalization of Rs 75,029 crore positions it as a significant player in its sector, yet its long-term growth prospects appear limited, as evidenced by a modest annual operating profit growth rate of 11.31% over the last five years. This combination of factors contributes to the stock's current downward trajectory.