Why is GAIL (India) falling/rising?

As of 01-Jul, GAIL (India) Ltd is currently priced at 189.65, reflecting a decrease of 1.2, or 0.63%. The stock has underperformed its sector by 0.5% today and has experienced a consecutive decline over the last two days, resulting in a total return loss of 0.68%. Despite this recent downturn, the stock has shown a positive performance over the past week, gaining 2.24%, although it has slightly underperformed on a monthly basis with a return of -0.08%. The stock's moving averages indicate it is trading higher than the 5-day, 20-day, 50-day, and 100-day averages but lower than the 200-day average. The company benefits from a strong ability to service debt, a healthy long-term growth rate in net sales, and a high dividend yield of 3.41%, which may provide some support to its valuation despite the recent price drop.
In the broader market context, GAIL's recent performance contrasts with the benchmark Sensex, which has increased by 2.00% over the past week. While GAIL has a solid institutional holding of 41.43% and a significant market cap, its year-to-date return of -0.73% lags behind the Sensex's impressive 7.11% gain. The company's profitability has improved, with a 6.7% rise in profits over the past year, yet the stock has still generated a negative return of -14.71% during the same period. This combination of factors suggests that while GAIL has strong fundamentals, recent market sentiment and performance relative to the benchmark may be contributing to its current price decline.