Why is GAIL (India) falling/rising?

As of 07-Aug, GAIL (India) Ltd is experiencing a decline in its stock price, currently at 169.55, reflecting a decrease of 0.4 or 0.24%. The stock has been on a downward trend, losing value for the last three days with a total decline of 2.92%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Over the past week, GAIL has underperformed the market with a return of -4.51% compared to the Sensex's -0.69%. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 80.3% against the 5-day average. The company maintains a high dividend yield of 4.41%, which may attract some investors despite the recent price drop. Additionally, GAIL's strong fundamentals, such as a low Debt to EBITDA ratio and healthy long-term growth in net sales and operating profit, suggest that the stock is undervalued compared to its peers.
In the broader market context, GAIL's recent performance contrasts sharply with the benchmark Sensex, which has shown a modest gain of 3.18% year-to-date, while GAIL has declined by 11.25% in the same period. This disparity highlights the stock's struggles relative to the overall market. The company's significant institutional holdings at 41.46% indicate confidence from larger investors, who typically have more resources to analyze the company's fundamentals. However, the stock's substantial year-over-year decline of 27.37% and a profit drop of 13.7% may be contributing to the negative sentiment surrounding it. Overall, while GAIL has strong fundamentals and a solid market position, its recent performance reflects broader challenges that are impacting investor confidence.