Why is Mahanagar Gas falling/rising?

As of 10-Nov, Mahanagar Gas Ltd. is currently priced at 1,211.15, reflecting a decrease of 5.8 points or 0.48%. The stock has been on a downward trend, having underperformed its sector by 0.79% today and experiencing a consecutive decline over the last four days, resulting in a total drop of 5.12% in that period. Additionally, Mahanagar Gas is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a healthy long-term growth rate in net sales of 28.66% and a low debt-to-equity ratio, the stock has faced challenges, including a significant decline in profit before tax and profit after tax in the latest quarter, contributing to its negative performance over the past year, where it has generated a return of -14.53%.
In the broader market context, Mahanagar Gas has underperformed compared to the Sensex, which has seen a slight decline of 0.53% over the past week, while the stock itself has dropped by 5.12%. This underperformance is evident in the longer-term comparisons as well, with the stock lagging behind the BSE500 index over the past three years, one year, and three months. The high institutional holdings at 56.48% indicate that more sophisticated investors are closely monitoring the company's fundamentals, which may influence market sentiment. Overall, the combination of declining profits, consistent underperformance, and negative short-term trends has contributed to the stock's recent decline.