Why is Gujarat Gas falling/rising?

As of 02-Jul, Gujarat Gas Ltd. is experiencing a price increase, currently at 499.70, reflecting a rise of 20.35 or 4.25%. The stock has shown strong performance today, outperforming its sector by 2.94% and achieving a consecutive gain over the last six days, resulting in an overall return of 11.25% during this period. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. Despite a significant decline of 23.18% over the past year, the company has shown a slight increase in profits by 4.2%, and its high management efficiency, indicated by a return on equity (ROE) of 20.26%, suggests a solid operational foundation. However, the stock's long-term growth prospects are hindered by low net sales growth and a decline in operating profit over the last five years.
In the broader market context, Gujarat Gas has outperformed the Sensex in the short term, with a 1-week return of 9.08% compared to the benchmark's 0.79%. While the stock has struggled over the past year, underperforming the market significantly, its recent gains may be attributed to favorable trading conditions and strong institutional support, with holdings at 25.79%. Nevertheless, the declining investor participation, as indicated by a drop in delivery volume, raises concerns about sustained interest in the stock. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to past performance and growth challenges.