Why is Mahanagar Gas falling/rising?

As of 19-Sep, Mahanagar Gas Ltd. is experiencing a price increase, currently at 1,348.90, reflecting a rise of 5.4 points or 0.4%. The stock has shown a positive trend today, outperforming its sector by 0.33% and reversing a two-day decline. Over the past week, the stock has gained 3.73%, while its one-month performance is slightly positive at 0.87%. Despite a significant year-over-year decline of 29.61%, the company has demonstrated strong management efficiency with a high return on equity (ROE) of 17.70% and a low debt-to-equity ratio, indicating financial stability. Additionally, the company reported its highest quarterly net sales and profits recently, contributing to a perception of healthy long-term growth.
In the broader market context, Mahanagar Gas's short-term performance has outpaced the Sensex, which has only increased by 0.88% over the same week. However, the stock's year-to-date return of 5.03% is slightly below the Sensex's 5.74%. The stock's liquidity remains adequate, although there has been a decline in delivery volume, suggesting reduced investor participation. High institutional holdings at 58% may provide a buffer against volatility, as these investors typically have better resources for analyzing company fundamentals. Overall, while the stock is currently rising, its long-term performance remains a concern due to the significant decline over the past year.