Why is Mahanagar Gas falling/rising?

As of 15-Sep, Mahanagar Gas Ltd. is currently priced at 1,299.30, reflecting a decrease of 1.05 points or 0.08%. The stock has been underperforming its sector, with a performance today that is down by 0.61%. It has experienced a consecutive decline over the last two days, resulting in a total drop of 0.13%. In terms of returns, the stock has shown a 1.67% increase over the past week, but it has declined by 1.24% over the past month and has a significant year-over-year drop of 27.89%. Despite these declines, the company maintains a high management efficiency with a return on equity (ROE) of 17.70% and a low debt-to-equity ratio, indicating financial stability. However, the stock's profits have fallen by 10% over the past year, contributing to its negative performance.
In the broader market context, Mahanagar Gas has outperformed the Sensex by 0.43% over the past week, but it has lagged behind in the longer term, with a year-to-date return of 1.17% compared to the Sensex's 4.67%. The stock's moving averages indicate that it is currently above its 5-day average but below its longer-term averages, suggesting mixed momentum. The rising investor participation, evidenced by an 18.22% increase in delivery volume, could indicate a potential interest in the stock despite its recent declines. Additionally, the high institutional holdings at 58% suggest that knowledgeable investors are backing the stock, which may provide some support against further declines.