Why is Mahanagar Gas falling/rising?

As of 23-Sep, Mahanagar Gas Ltd. is currently priced at 1,313.10, reflecting an increase of 6.65 or 0.51%. The stock has shown mixed performance recently, with a 1-week decline of 3.72% and a 1-month decrease of 0.97%, while it has outperformed its sector by 1.04% today. Despite this positive movement, the stock's delivery volume has decreased by 23.49% compared to the 5-day average, indicating falling investor participation. The company has demonstrated high management efficiency with a return on equity (ROE) of 17.70% and a low debt-to-equity ratio, which supports its valuation. However, the stock has experienced a significant decline of 31.89% over the past year, alongside a 10% drop in profits, suggesting underlying challenges despite its healthy long-term growth in net sales.
In the broader market context, Mahanagar Gas has underperformed the Sensex in the short term, with a 1-week return of -3.72% compared to the benchmark's -0.34%. While the stock has shown some resilience today, the overall trend indicates a struggle against both market conditions and its own financial performance. The stock's long-term growth potential is supported by high institutional holdings at 58%, which may provide stability and informed analysis, but the recent declines in both stock price and profits highlight the need for cautious investor sentiment.