Why is Adani Total Gas falling/rising?

As of 29-Sep, Adani Total Gas Ltd is experiencing a decline in its stock price, currently at Rs 629.65, which represents a decrease of Rs 19.75 or 3.04%. The stock has underperformed its sector by 4.76% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 6.16% during this period. Additionally, the stock's performance over the past week shows a significant drop of 19.36%, while it has also underperformed against the benchmark over the last three years, generating a return of -19.71% in the past year. Despite some positive indicators such as high management efficiency and strong long-term growth in net sales, the stock's recent performance is hindered by flat results in June and low domestic mutual fund holdings, which may indicate a lack of confidence at current price levels.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week decline of 19.36% compared to the Sensex's drop of only 2.18%. This stark contrast highlights the stock's struggles relative to the overall market. The liquidity of the stock remains adequate, but the significant drop in delivery volume suggests waning investor interest, which could further exacerbate its price decline. Overall, the combination of recent poor performance, low investor participation, and underwhelming results compared to the benchmark contributes to the ongoing downward trend in Adani Total Gas Ltd's stock price.