Why is Petronet LNG falling/rising?

As of 23-Jul, Petronet LNG Ltd. is experiencing a price increase, currently at 306.75, reflecting a rise of 3.4 or 1.12%. Today's price summary indicates that the stock has outperformed its sector by 0.78% and has gained after five consecutive days of decline. Although the stock has a mixed performance in the short term, with a 1.27% decrease over the past week, it has shown a positive return of 3.58% over the last month. The company benefits from a high dividend yield of 3.3% and strong management efficiency, evidenced by a high return on equity (ROE) of 22.56%. Despite a recent drop in investor participation, with delivery volume falling by 41.05% against the five-day average, the stock's attractive valuation and institutional holdings at 39.95% suggest a solid foundation for its price movement.
Broader market context shows that while Petronet LNG has underperformed the benchmark Sensex over the year with a return of -8.46% compared to the Sensex's +2.86%, it has outperformed in the last month. The Sensex has gained 1.01% over the same period, indicating that the stock's recent rise may be a corrective response to its previous underperformance. The stock's current trading at a premium compared to its peers' historical valuations, combined with a low debt-to-equity ratio, positions it favorably despite broader market challenges.