Why is GAIL (India) falling/rising?

As of 30-Jun, GAIL (India) Ltd's stock price is currently at 190.85, reflecting a slight decline of 0.1, or 0.05%. The stock has experienced a trend reversal, falling after two consecutive days of gains. It is currently performing inline with its sector, but the delivery volume has decreased by 18.07% compared to the 5-day average, indicating a drop in investor participation. Despite this, the stock has shown a positive return of 3.30% over the past week, although it has underperformed on a year-to-date basis with a decline of 0.10%. The company boasts a high dividend yield of 3.4% and maintains a strong ability to service debt, which may support its valuation despite the recent price drop.
In the broader market context, GAIL's short-term performance of +3.30% over the past week outpaces the Sensex's gain of +2.09%, suggesting that the stock has been relatively resilient in the short term. However, on a year-to-date basis, GAIL's performance is lagging behind the Sensex, which has risen by 7.00%. The company's strong fundamentals, including a low Debt to EBITDA ratio and healthy long-term growth in net sales, contribute positively to its valuation, even as it faces challenges reflected in its recent price movement. High institutional holdings at 41.43% indicate confidence from larger investors, which may provide some stability amidst the fluctuations.