Why is CESC falling/rising?

As of 03-Jul, CESC Ltd's stock price is currently at 178.05, reflecting an increase of 0.95 (0.54%). The stock has been gaining for the last three days, with a total return of 3.64% during this period. It has outperformed its sector by 1.08% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, CESC has shown a return of +2.80%, while its performance over the last month has been even stronger at +10.32%. Despite a year-to-date decline of -4.17%, the stock has generated a return of 12.02% over the past year, outperforming the BSE500 in the long term. The stock's attractive valuation, indicated by a ROCE of 5.7 and a low enterprise value to capital employed ratio, along with high institutional holdings at 36.12%, suggests strong investor confidence. However, the company faces challenges with a -6.06% CAGR growth in operating profits over the last five years and a high debt to EBITDA ratio of 4.81 times, which may limit its long-term profitability.
In the broader market context, CESC's recent performance contrasts with the Sensex, which has declined by -0.62% over the past week. This indicates that CESC is not only performing well relative to its sector but also gaining traction against the broader market. The stock's liquidity, supported by a significant increase in delivery volume, further enhances its appeal to investors. While the company has shown resilience in the short term, the underlying weaknesses in its long-term fundamentals, such as declining operating profits and high debt levels, could pose risks moving forward.