Why is Mahanagar Gas falling/rising?

As of 24-Sep, Mahanagar Gas Ltd. is experiencing a decline in its stock price, currently at Rs 1,279.40, which reflects a decrease of Rs 29.0 or 2.22%. The stock has underperformed its sector by 1.09% today, touching an intraday low of Rs 1,275.4. Over the past week, the stock has decreased by 6.02%, and it has shown a significant decline of 33.37% over the past year, while its profits have fallen by 10%. Despite having a high management efficiency with a return on equity (ROE) of 17.70% and a low debt-to-equity ratio, the stock is trading below all its moving averages, indicating a bearish trend. The recent quarterly results have shown positive growth in net sales and profitability, but the overall negative return over the past year suggests underlying issues affecting investor sentiment.
In the broader market context, Mahanagar Gas's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.18% over the same week. The stock's liquidity remains adequate, but a decrease in delivery volume indicates falling investor participation, which could further pressure the stock price. While high institutional holdings at 58% suggest confidence from larger investors, the stock's significant underperformance compared to the benchmark and its peers raises concerns about its future prospects.