Why is Gujarat Gas falling/rising?

As of 12-Aug, Gujarat Gas Ltd. is experiencing a decline in its stock price, currently at 425.20, which reflects a decrease of 2.8 or 0.65%. The stock has been underperforming, having lost 1.07% over the last two days and is trading below all key moving averages. Despite opening with a gain of 2.1% today and reaching an intraday high of Rs 437, the overall performance has been disappointing, with a 9.02% drop over the past month and a staggering 31.31% decline over the past year. The company's financial health is mixed; while it boasts a high return on equity (ROE) of 20.26% and a low debt-to-equity ratio of 0.05, it has shown poor long-term growth with a mere 5.46% annual increase in operating profit over the last five years. Additionally, recent results have been flat, with net sales falling by 6.1% compared to the previous quarter's average.
In the broader market context, Gujarat Gas has underperformed against the benchmark, with the Sensex showing a slight decline of 0.59% over the past week while Gujarat Gas gained 0.56%. However, the stock's year-to-date performance is notably worse, with a decline of 14.96% compared to a 2.68% increase in the Sensex. This consistent underperformance against the benchmark over the last three years, coupled with a high price-to-book value ratio of 3.4, suggests that the market is pricing in concerns about the company's future growth prospects. The rising investor participation, indicated by a 42.11% increase in delivery volume, may provide some support, but the overall sentiment remains cautious due to the company's declining profitability and lackluster performance relative to its peers.