Why is Indraprastha Gas falling/rising?

As of 04-Jul, Indraprastha Gas Ltd is experiencing a price increase, currently at 226.25, reflecting a rise of 7.2 or 3.29%. The stock has outperformed its sector by 2.81% today and reached an intraday high of Rs 229, marking a 4.54% increase. Over the past week, the stock has gained 5.87%, while its one-month return stands at 8.33%. Despite a negative return of -12.76% over the past year, the company maintains a high management efficiency with a return on equity (ROE) of 19.15% and a low debt-to-equity ratio, which contributes positively to its valuation. However, it is important to note that investor participation has decreased, with delivery volume dropping by 58.23% against the five-day average.
In the broader market context, Indraprastha Gas's short-term performance contrasts with the Sensex, which has declined by 0.74% over the past week. While the stock has shown resilience with a year-to-date return of 8.81% compared to the Sensex's 6.77%, it still lags behind the benchmark over a three-year period, where the Sensex has outperformed with a return of 56.73%. The high institutional holdings at 45.85% suggest that informed investors are backing the stock, which may provide some stability despite the recent decline in delivery volumes.