Why is Indraprastha Gas falling/rising?

As of 07-Oct, Indraprastha Gas Ltd's stock price is currently at 220.05, reflecting an increase of 12.0 or 5.77%. The stock has outperformed its sector today by 3.73%, reaching an intraday high of Rs 222.3, which is a 6.85% rise. Over the past week, the stock has gained 5.46%, while its one-month return stands at 2.92%. Despite a year-over-year decline of 18.81%, the company's management efficiency is notable with a high return on equity (ROE) of 19.15% and a low debt-to-equity ratio, which may contribute positively to investor sentiment. However, the stock's recent performance is tempered by a decrease in delivery volume, which fell by 14.34% against the five-day average, indicating a potential decline in investor participation.
In the broader market context, Indraprastha Gas's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 2.07% over the same week. This indicates a strong relative performance in a generally positive market environment, as the gas transmission/marketing sector itself has gained 2.04%. The stock's attractive valuation, trading at a discount compared to its peers, along with high institutional holdings at 45.81%, suggests that informed investors are confident in the company's fundamentals despite its recent profit decline of 14.3%. Overall, the combination of strong short-term gains and solid management metrics contributes to the stock's upward movement.