Why is Guj.St.Petronet falling/rising?

As of 11-Sep, Gujarat State Petronet Ltd's stock price is currently at 307.05, reflecting an increase of 7.85, or 2.62%. The stock has shown a positive performance today, outperforming its sector by 0.28%, and reached an intraday high of Rs 314.95, marking a rise of 5.26%. Over the past week, the stock has gained 1.27%, and over the past month, it has increased by 1.57%. Despite these short-term gains, the stock has experienced significant declines over the past year, with a return of -28.59%, and has underperformed in the long term, as indicated by a -14.99% year-to-date return. Positive factors contributing to the recent rise include high management efficiency with a return on equity (ROE) of 17.56%, a low debt-to-equity ratio of 0.07, and strong institutional holdings at 42.82%. However, the company has faced challenges, including negative results for the last four consecutive quarters and a decline in profits by -36.6%, which may temper investor enthusiasm.
In the broader market context, Gujarat State Petronet's short-term performance has slightly outpaced the Sensex, which has risen by 1.03% over the same week. The gas transmission and marketing sector, in which the company operates, has also gained by 2.32%, indicating a favorable environment for the sector overall. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 index over the past three years, one year, and three months. This juxtaposition of short-term gains against a backdrop of long-term struggles may create a complex outlook for investors considering the stock's future trajectory.