Why is Mahanagar Gas falling/rising?

As of 18-Sep, Mahanagar Gas Ltd. is experiencing a decline in its stock price, currently at 1,343.50, which reflects a decrease of 17.8 points or 1.31%. The stock has underperformed its sector by 0.85% today and has been on a downward trend for the last two days, accumulating a total drop of 1.5%. In terms of returns, while the stock has shown a modest increase of 3.26% over the past week, it has significantly underperformed over the past year, with a decline of 28.78%. Despite having a high management efficiency indicated by a return on equity (ROE) of 17.70% and a low debt-to-equity ratio, the stock's recent performance is hampered by falling investor participation, as evidenced by a 17.25% drop in delivery volume compared to the five-day average.
In the broader market context, Mahanagar Gas's short-term performance has been better than the benchmark Sensex, which has gained 1.80% over the past week. However, the stock's year-to-date return of 4.61% is lower than the Sensex's 6.24%. The company has shown healthy long-term growth with net sales increasing at an annual rate of 24.17%, but its profits have declined by 10% over the past year, contributing to the negative sentiment surrounding the stock. Additionally, while institutional holdings are high at 58%, indicating confidence from larger investors, the overall market conditions and recent performance trends suggest a cautious outlook for Mahanagar Gas Ltd.