Why is CESC falling/rising?

As of 04-Jul, CESC Ltd's stock price is currently at 178.35, reflecting a slight increase of 0.3 (0.17%). The stock has been gaining for the last four days, with a total return of 3.81% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there is a noted decline in investor participation, with delivery volume falling by 11.38% compared to the 5-day average. Despite a year-to-date decline of 4.01%, the stock has generated a 12.21% return over the past year, outperforming the BSE500 in the long term and showing attractive valuation metrics, including a return on capital employed (ROCE) of 5.7 and high institutional holdings at 36.12%.
In the broader market context, CESC's short-term performance of +3.69% over the past week contrasts with the Sensex, which has declined by 0.74%. This indicates that CESC is performing well relative to the market. The stock's ability to maintain a positive trajectory despite a slight drop in profits and lower delivery volumes suggests resilience and strong institutional backing. The favorable comparison to its peers' historical valuations further supports the stock's upward movement, making it an attractive option for investors looking for stability and growth in a fluctuating market.