Why is Adani Total Gas falling/rising?

As of 03-Jul, Adani Total Gas Ltd is experiencing a slight decline in its stock price, currently at 663.75, reflecting a decrease of 0.45 or 0.07%. The stock has been underperforming, having lost 2.7% over the last four days, and it is currently lower than its 200-day moving average while remaining above its shorter-term moving averages. Additionally, the stock has shown a significant decline in investor participation, with delivery volume dropping by 75.32% compared to the five-day average. Despite having a high management efficiency indicated by a ROCE of 20.46% and a strong ability to service debt with a low Debt to EBITDA ratio, the company has faced challenges such as poor long-term growth and consistent underperformance against benchmarks, including a 26.63% decline in the last year.
In the broader market context, Adani Total Gas has outperformed the Sensex in the short term, with a 1-week return of 2.43% compared to the benchmark's decline of 0.62%. However, over the longer term, the stock has significantly underperformed, with a 12.96% drop year-to-date and a staggering 72.20% decline over the past three years. This consistent underperformance, coupled with a low stake held by domestic mutual funds, suggests a lack of confidence in the stock's future prospects, which may be contributing to its current price movement.