Why is Mahanagar Gas falling/rising?

As of 22-Sep, Mahanagar Gas Ltd. is experiencing a decline in its stock price, currently at Rs 1,306.45, which reflects a decrease of Rs 38.0 or 2.83%. The stock has underperformed its sector today by 1.97%, having touched an intraday low of Rs 1,305. The stock's recent performance shows a mixed picture; it has gained 0.55% over the past week but has fallen 1.47% over the last month. Year-to-date, it has increased by 1.73%, although it has significantly underperformed over the past year with a decline of 31.60%. The company's moving averages indicate that the stock is currently higher than its 20-day average but lower than its 5-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a decrease in investor participation, with delivery volume falling by 9.08% against the 5-day average.
In the broader market context, Mahanagar Gas's short-term performance has slightly outpaced the benchmark Sensex, which has increased by 0.46% over the past week. However, the stock's long-term performance is concerning, particularly with a 31.60% decline over the past year compared to the Sensex's modest drop of 2.82%. Despite the company's strong fundamentals, including a high return on equity of 17.70% and healthy long-term growth in net sales, the stock's valuation remains under pressure due to a significant drop in profits and a negative return over the past year. The high institutional holdings at 58% may provide some stability, but the current market sentiment appears to be weighing heavily on the stock's price.