Why is Indraprastha Gas falling/rising?

As of 09-Jul, Indraprastha Gas Ltd is experiencing a decline in its stock price, currently at Rs 222.50, which represents a decrease of Rs 5.4 or 2.37%. Today's price summary indicates that the stock has fallen after three consecutive days of gains, touching an intraday low of Rs 221.75. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend prior to this decline. However, the gas transmission/marketing sector has seen a drop of 2.54%, and there has been a notable decrease in investor participation, with delivery volume falling by 12.76% against the 5-day average. Over the past year, the stock has underperformed significantly, with a return of -14.79% compared to the Sensex's gain of 3.96%.
In the broader market context, while Indraprastha Gas has shown positive returns over the past week and month, its long-term performance has been lackluster, particularly in comparison to the benchmark indices. The stock's recent decline is compounded by concerns over poor long-term growth, as operating profit has only grown at an annual rate of 3.39% over the last five years. Despite high management efficiency and attractive valuation metrics, the stock's significant underperformance in the past year, coupled with flat results in March 2025 and a low return on capital employed, raises concerns among investors. This combination of sector-wide declines and internal performance issues contributes to the stock's current downward movement.