Why is GAIL (India) falling/rising?

As of 02-Jul, GAIL (India) Ltd is experiencing a price increase, currently at 190.80, reflecting a change of 1.15 or 0.61% upward. Today's price summary indicates that the stock has gained after two consecutive days of decline, although it underperformed its sector by 0.7%. GAIL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Despite a slight decrease in delivery volume, the company maintains a strong ability to service debt with a low Debt to EBITDA ratio of 1.21 times, and it has shown healthy long-term growth with net sales increasing at an annual rate of 14.37%. The stock is trading at a discount compared to its peers, and it offers a high dividend yield of 3.43%, which may attract investors.
In the broader market context, GAIL's short-term performance over the past week shows a return of +3.72%, significantly outperforming the Sensex, which only increased by 0.79%. However, over the past month, GAIL has slightly underperformed with a return of -0.42% compared to the Sensex's +2.50%. The stock's high institutional holdings at 41.43% suggest that knowledgeable investors are confident in the company's fundamentals, which could provide additional support for its price movement. Overall, while GAIL has faced challenges in the past year with a return of -13.90%, its recent price increase indicates a potential recovery phase, bolstered by strong financial metrics and investor confidence.