Why is Mahanagar Gas falling/rising?

As of 18-Aug, Mahanagar Gas Ltd. is experiencing a price increase, currently at Rs 1,340.80, reflecting a rise of Rs 24.35 or 1.85%. Today's performance indicates a positive trend reversal, as the stock has gained after two consecutive days of decline. It outperformed its sector by 1.49% and reached an intraday high of Rs 1,343.90. However, the stock has shown a mixed performance over different time frames, with a 1-week return of +0.20% but a significant decline of -11.32% over the past month. Despite a year-to-date increase of +4.40%, the stock has faced a substantial drop of -26.41% over the last year. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong long-term growth in net sales, which has grown at an annual rate of 24.17%.
In the broader market context, the Sensex has increased by +0.83% over the past week, indicating that Mahanagar Gas's short-term performance is lagging behind the benchmark. The stock's liquidity remains adequate, but there has been a decline in investor participation, with delivery volume falling by 6.7% against the 5-day average. High institutional holdings at 58% suggest that knowledgeable investors are backing the stock, which may provide some stability. Despite the recent price increase, the stock's overall performance over the past year and the decline in delivery volume could indicate underlying concerns that investors are monitoring closely.