Why is Petronet LNG falling/rising?

As of 16-Jul, Petronet LNG Ltd. is experiencing a decline in its stock price, currently at 310.70, which reflects a decrease of 1.8 or 0.58%. The stock has shown a trend reversal after two consecutive days of gains, and despite outperforming its sector today by 0.48%, it is trading lower than its 200-day moving average. Over the past week, the stock has increased by 2.04%, while its performance over the past month shows a gain of 3.10%. However, year-to-date, the stock has dropped by 10.18%, and over the past year, it has fallen by 11.54%. The company benefits from a high dividend yield of 3.2% and has seen a rise in investor participation, with delivery volume increasing by 31.38% against the five-day average. Additionally, the company maintains a high return on equity (ROE) of 22.56% and a low debt-to-equity ratio, which contributes positively to its valuation.
In the broader market context, Petronet LNG's short-term performance has outpaced the benchmark Sensex, which has declined by 1.08% over the past week. However, the stock's year-to-date performance is significantly lagging behind the Sensex, which has gained 5.75% during the same period. The stock's premium valuation compared to its peers and the high institutional holdings at 39.95% indicate a level of confidence among larger investors, who typically have more resources to analyze the company's fundamentals. Despite the recent price drop, the company's profitability has increased by 8.8% over the past year, suggesting that while the stock price is currently under pressure, the underlying business fundamentals remain strong.