Why is GAIL (India) falling/rising?

As of 08-Aug, GAIL (India) Ltd is currently priced at 171.15, reflecting an increase of 1.6 or 0.94%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this uptick, GAIL is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. The stock's performance over the past week has been down by 1.81%, and over the past month, it has decreased by 11.16%. However, there has been a rise in investor participation, with delivery volume increasing by 4.24% against the 5-day average. The company also boasts a high dividend yield of 4.42%, which may attract income-focused investors. While the stock has underperformed over the past year with a return of -24.72%, it maintains a strong ability to service debt and has shown healthy long-term growth in net sales and operating profit.
In the broader market context, GAIL's recent performance contrasts with the Sensex, which has seen a decline of only 0.92% over the past week and 4.60% over the past month. This underperformance relative to the benchmark may reflect investor sentiment towards the stock, especially given its significant drop in profits over the past year. Despite the challenges, GAIL's high institutional holdings at 41.46% suggest that knowledgeable investors are still confident in its fundamentals. The company's substantial market cap and its dominance in the sector, accounting for 41.96% of the industry, further support its position, even as it faces short-term volatility.