Why is Mahanagar Gas falling/rising?

As of 18-Jul, Mahanagar Gas Ltd. is experiencing a decline in its stock price, currently at 1,512.00, reflecting a decrease of 8.2 points or 0.54%. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 2.20% and 6.13%, respectively. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally upward trend in the short term. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 252.26% compared to the 5-day average. However, the stock has underperformed over the past year, with a return of -12.57%, which is notably worse than the broader market's performance.
In the broader market context, Mahanagar Gas has outperformed the Sensex in the short term, but its long-term growth prospects appear limited, as indicated by a modest annual operating profit growth rate of 6.19% over the last five years. The stock's high institutional holdings at 58% suggest confidence from knowledgeable investors, yet the company has faced challenges, including a recent flat quarterly result with a PAT decline of 5.2%. While the stock is trading at a discount compared to its peers and has a high return on equity of 17.70%, the significant drop in profits over the past year has raised concerns, contributing to its recent price movement.