Why is Adani Total Gas falling/rising?

As of 06-Aug, Adani Total Gas Ltd is experiencing a decline in its stock price, currently at 589.10, which reflects a decrease of 6.95 points or 1.17%. The stock has underperformed its sector by 0.57% today and has been on a downward trend for the last two days, accumulating a total drop of 2.77%. Over the past week, the stock has fallen by 5.86%, and its performance over the last month shows a significant decline of 10.77%. Additionally, the stock is trading below its moving averages across various timeframes, indicating a bearish trend. The company's recent financial performance has been mixed, with a low return on capital employed (ROCE) of 16.15% and a high quarterly interest expense, which may contribute to investor concerns. Furthermore, domestic mutual funds hold only a minimal stake in the company, suggesting a lack of confidence in its current valuation.
In the broader market context, Adani Total Gas has underperformed compared to the Sensex, which has seen a decline of only 1.15% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 22.75%, while the benchmark has gained 3.08%. This stark contrast highlights the stock's struggles in both short-term and long-term performance, as it has generated a negative return of 32.29% over the past year compared to the Sensex's positive return of 2.48%. The combination of declining investor participation, poor recent performance, and the company's financial challenges has contributed to the stock's downward trajectory.