Why is Petronet LNG falling/rising?

As of 17-Jul, Petronet LNG Ltd. is currently priced at 310.20, reflecting a decrease of 0.5, or 0.16%. The stock has been experiencing a downward trend, having lost 0.74% over the last two days. Despite this recent decline, the stock has shown a positive performance over the past week with a return of 1.60%, and a notable increase of 4.57% over the past month. However, on a year-to-date basis, the stock is down 10.32%, indicating a longer-term struggle despite a high dividend yield of 3.22% and strong management efficiency with a return on equity (ROE) of 22.56%. The stock is trading at a premium compared to its peers, which may be contributing to its recent price movement.
In the broader market context, the Sensex has experienced a decline of 1.12% over the past week, while Petronet LNG's performance has been relatively better in that timeframe. However, the stock's year-to-date performance is significantly lagging behind the benchmark, which has gained 5.27%. Additionally, there has been a decrease in investor participation, with delivery volume dropping by 23.04% against the five-day average, suggesting a lack of confidence among investors. Despite high institutional holdings at 39.95%, which typically indicates a strong analysis of the company's fundamentals, the overall market sentiment appears to be weighing on the stock's price, contributing to its recent decline.