Why is Adani Total Gas falling/rising?

As of 02-Jul, Adani Total Gas Ltd is experiencing a decline in its stock price, currently at 664.20, which reflects a decrease of 2.8 or 0.42%. The stock has underperformed its sector by 1.73% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 2.64% during this period. Although the stock has shown a positive return of 4.82% over the past week, it has struggled in the longer term, with a year-to-date decline of 12.90% and a significant drop of 26.56% over the past year. The company has high management efficiency with a ROCE of 20.46% and a low Debt to EBITDA ratio of 1.08 times, but it faces challenges such as poor long-term growth and flat quarterly results, which may contribute to investor concerns.
In the broader market context, while the Sensex has gained 0.79% over the past week and 6.75% year-to-date, Adani Total Gas has significantly underperformed, particularly over the last year where it has generated negative returns compared to the market's positive performance. The stock's liquidity remains adequate for trading, but a notable drop in delivery volume by 52.29% against the five-day average suggests diminishing investor participation. The low stake held by domestic mutual funds, at only 0.79%, may indicate a lack of confidence in the stock's current valuation or business prospects, further contributing to its recent price decline.