Why is Gujarat Gas falling/rising?

As of 29-Aug, Gujarat Gas Ltd. is experiencing a decline in its stock price, currently at 419.75, reflecting a decrease of 0.5 or 0.12%. The stock has underperformed its sector by 0.61% today and has been on a consecutive downward trend for the last three days, resulting in a total return drop of 2.88%. Over the past week, the stock has seen a decline of 2.44%, and its performance over the last month shows a significant decrease of 7.41%. Despite having a high management efficiency indicated by a return on equity (ROE) of 20.26% and a low debt-to-equity ratio, the company has faced challenges such as flat results in its latest quarterly report, a low return on capital employed (ROCE), and declining net sales. Additionally, the stock's valuation appears expensive relative to its peers, contributing to its recent poor performance.
In the broader market context, Gujarat Gas has consistently underperformed against the benchmark, with a year-to-date return of -16.05% compared to a positive return of 2.14% for the Sensex. The stock's performance over the last three years has also been disappointing, with a return of -9.39% while the benchmark has gained 37.67%. This consistent underperformance, coupled with falling investor participation and trading below all moving averages, indicates a lack of confidence among investors. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume suggests a waning interest, further exacerbating the stock's decline.