Why is CESC falling/rising?

As of 02-Jul, CESC Ltd's stock price is currently at 177.10, reflecting an increase of 0.6 (0.34%). The stock has shown a positive trend, gaining 3.08% over the last two days and outperforming its sector by 0.61% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Despite a year-to-date decline of 4.68%, the stock has delivered an impressive 11.81% return over the past year and a remarkable 149.26% over the last three years. The attractive valuation, with a return on capital employed (ROCE) of 5.7 and a favorable enterprise value to capital employed ratio, suggests that the stock is trading at a discount compared to its peers, which may be contributing to the recent upward movement.
In the broader market context, CESC's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.79% over the past week. The stock's liquidity is also favorable, with a delivery volume that has risen by 107.87% against the 5-day average, indicating increased investor interest. However, it is important to note that the company faces challenges, such as a high debt to EBITDA ratio and a negative compound annual growth rate (CAGR) in operating profits over the last five years, which could impact long-term performance. Nonetheless, the high institutional holdings at 36.12% suggest confidence from more sophisticated investors, potentially supporting the stock's recent rise.