Why is Adani Total Gas falling/rising?

As of 21-Jul, Adani Total Gas Ltd's stock price is currently at 658.50, reflecting an increase of 4.9, or 0.75%. The stock has shown a positive performance today, outperforming its sector by 1.48%. However, despite this short-term gain, the stock has experienced a decline of 25.83% over the past year and a significant drop of 77.12% over the last three years. The company's management efficiency is highlighted by a high Return on Capital Employed (ROCE) of 20.46% and a low Debt to EBITDA ratio of 1.08, indicating a strong ability to service debt. Nevertheless, the company has faced challenges, including flat results in recent quarters and poor long-term growth, which may contribute to investor hesitance, as evidenced by the low domestic mutual fund ownership of only 0.79%.
In the broader market context, Adani Total Gas has outperformed the Sensex in the past week and month, with returns of 1.83% and 6.61%, respectively, while the Sensex has shown negligible declines. However, the stock's year-to-date performance is notably poor, with a decline of 13.65%, contrasting sharply with the Sensex's gain of 5.20%. This underperformance in the long term, combined with falling investor participation and liquidity concerns, suggests that while there may be short-term gains, the overall sentiment towards the stock remains cautious, reflecting broader concerns about its growth potential and market positioning.