Why is Mahanagar Gas falling/rising?

As of 21-Aug, Mahanagar Gas Ltd. is currently priced at 1,333.40, reflecting a decrease of 4.9 points or 0.37%. The stock has underperformed its sector today by 0.47%, and it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has shown a modest gain of 1.29%, but it has significantly underperformed over the last month with a decline of 12.18%. Despite a high management efficiency indicated by a return on equity (ROE) of 17.70% and a low debt-to-equity ratio, the stock has faced challenges, including a substantial year-over-year decline of 28.27% against a backdrop of falling profits and a decrease in delivery volume by 7.89% compared to the 5-day average.
Broader market context shows that while the Sensex has gained 1.74% over the past week, Mahanagar Gas has lagged behind with its modest increase. The stock's performance over the past year has been particularly concerning, as it has underperformed the broader market, which saw a decline of only 1.56%. The high institutional holdings at 58% suggest that knowledgeable investors are backing the company, yet the stock's significant drop in value indicates that broader market sentiment may not be favorable. Overall, the combination of underperformance relative to benchmarks and declining investor participation contributes to the stock's current downward movement.