Why is GAIL (India) falling/rising?

As of 06-Aug, GAIL (India) Ltd is experiencing a decline in its stock price, currently at 169.95, reflecting a decrease of 1.4 or 0.82%. The stock has been on a downward trend, having fallen consecutively for the last two days with a total return of -2.69% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite a high dividend yield of 4.38% and increased investor participation with a delivery volume rise of 75.75%, the stock has underperformed significantly over the past year, with a return of -24.06% compared to a decline of only 1.15% in the Sensex over the same period. The company's profits have also decreased by 13.7%, contributing to the negative sentiment around the stock.
In the broader market context, GAIL's short-term performance has been notably worse than the benchmark, as it has declined by 5.90% over the past week compared to the Sensex's decline of just 1.15%. This underperformance is compounded by the fact that, while GAIL has a strong ability to service debt and a healthy long-term growth outlook, the recent drop in profits and the overall negative return trend have overshadowed these positive factors. Additionally, despite high institutional holdings which typically indicate confidence in the stock's fundamentals, the current market dynamics and the company's recent financial performance have led to a lack of investor confidence, resulting in the stock's decline.