Why is Mahanagar Gas falling/rising?

As of 13-Aug, Mahanagar Gas Ltd. is experiencing a decline in its stock price, currently at 1,341.55, which reflects a decrease of 14.35 or 1.06%. The stock has underperformed its sector by 0.65% today and has seen a trend reversal after four consecutive days of gains. Additionally, the stock's performance over the past week shows a positive return of 3.75%, but it has underperformed over the past month with a decline of 9.32%. The stock is currently trading higher than its 5-day moving averages but lower than its 20, 50, 100, and 200-day moving averages. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 35.68% compared to the 5-day average.
In the broader market context, while Mahanagar Gas has shown a year-to-date return of 4.46%, it has significantly underperformed the market over the past year, with a return of -25.23% compared to the Sensex's 2.01%. This underperformance is concerning, especially given that the stock has a high management efficiency with a return on equity of 17.70% and a low debt-to-equity ratio, which typically would be favorable. However, the stock's recent decline can be attributed to its substantial drop in price over the past year, coupled with a lack of investor confidence as indicated by falling delivery volumes. Despite positive financial results and high institutional holdings, the stock's overall performance has not aligned with market expectations, contributing to its current downward trend.