Why is Adani Total Gas falling/rising?

As of 05-Sep, Adani Total Gas Ltd is experiencing a decline in its stock price, currently at 590.35, which reflects a decrease of 5.65 points or 0.95%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.01% during this period. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock's performance over the past week and month has also been negative, with returns of -0.03% and -0.96%, respectively. Despite the company's high management efficiency and strong growth in net sales, the recent flat results and low interest from domestic mutual funds suggest a lack of confidence among investors, contributing to the stock's downward movement.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as the Sensex has gained 1.13% over the past week while Adani Total Gas has seen a slight decline. Over the past year, the stock has significantly underperformed the benchmark, with a return of -30.04% compared to a -1.81% decline in the Sensex. This consistent underperformance over the last three years further highlights investor concerns, as the stock has not only failed to keep pace with the market but has also seen a substantial drop in value, leading to a cautious outlook among potential investors.