Why is Mahanagar Gas falling/rising?

As of 04-Sep, Mahanagar Gas Ltd. is currently priced at 1,287.85, reflecting a slight increase of 2.6 (0.2%). The stock has been gaining for the last four days, with a total return of 2.88% during this period, and it outperformed its sector by 1.33% today. However, despite this recent uptick, the stock has shown a decline of 3.48% over the past month and a significant drop of 29.97% over the past year. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong long-term growth in net sales, which has increased at an annual rate of 24.17%. Additionally, the stock is trading at a discount compared to its peers, and high institutional holdings at 58% suggest confidence from larger investors, although profits have fallen by 10% over the past year.
In the broader market context, Mahanagar Gas has outperformed the Sensex in the short term, with a 1.19% increase over the past week compared to the benchmark's 0.80% rise. However, the stock's performance over the longer term contrasts sharply with the Sensex, which has gained 3.30% year-to-date while Mahanagar Gas has only increased by 0.28%. The stock's recent gains may be attributed to positive quarterly results and strong management metrics, but the overall downward trend over the past year indicates underlying challenges that investors are still weighing against its potential for recovery.