Why is Gujarat Gas falling/rising?

As of 26-Aug, Gujarat Gas Ltd. is experiencing a decline in its stock price, currently at Rs 425.00, which reflects a decrease of Rs 7.2 or 1.67%. The stock has underperformed in the short term, with a 1-week return of -2.13% and a 1-month return of -7.92%. Today's performance indicates that the stock touched an intraday low of Rs 423, and it is trading below all key moving averages. Despite a notable increase in delivery volume, which rose by 393.61% against the 5-day average, the overall sentiment remains negative due to poor long-term growth prospects, as indicated by a low operating profit growth rate of 5.46% over the past five years and a significant decline in net sales. Additionally, the stock's return on equity (ROE) has decreased, and it is trading at a high price-to-book value ratio compared to its peers, contributing to its recent price movement.
In the broader market context, Gujarat Gas has consistently underperformed against the benchmark, with a year-to-date return of -15.00% compared to the Sensex's gain of 3.39%. This trend of underperformance has been evident over the last three years, where the stock has generated negative returns while the broader market has shown positive growth. The gas transmission/marketing sector itself has also seen a decline of -2.19%, reflecting a challenging environment that may be affecting investor sentiment towards Gujarat Gas. Overall, the combination of poor financial performance, high valuation concerns, and sector-wide challenges is contributing to the stock's downward trajectory.