Why is Gagan Gases falling/rising?

As of 23-Jul, Gagan Gases Ltd's stock price is currently at Rs 26.22, reflecting a decline of 1.37 points or 4.97%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a significant 23% drop over that period. Today's trading opened with a loss of 4.97%, and the stock has not fluctuated beyond this price point. Despite the recent downturn, the company has shown positive financial results over the last three quarters, with higher PAT, PBDIT, and EPS figures, indicating strong operational performance. However, the stock's liquidity has decreased, with delivery volume dropping by 80.14% compared to the five-day average, which may contribute to the negative sentiment surrounding the stock.
In the broader market context, Gagan Gases Ltd has underperformed compared to the Sensex, which has shown a slight increase of 0.11% over the past week while the stock has plummeted by 23%. Although the stock has generated positive returns over the longer term, including an 18.59% gain over the past year, the recent short-term performance contrasts sharply with the benchmark's stability. This divergence suggests that while the company has a solid track record, current market conditions and investor participation may be influencing the stock's price decline.