Why is CESC falling/rising?

As of 07-Jul, CESC Ltd's stock price is currently at 180.15, reflecting an increase of 1.8, or 1.01%. The stock has been on a positive trajectory, gaining for the last five days and achieving a return of 4.86% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 39.43% compared to the 5-day average. Despite this, the stock is considered to have an attractive valuation, trading at a discount relative to its peers, and has high institutional holdings at 36.12%, suggesting confidence from more sophisticated investors. Over the past year, while the stock has generated a return of 7.20%, its profits have slightly decreased by 0.5%.
In the broader market context, CESC's short-term performance has outpaced the Sensex, which has seen a decline of 0.20% over the same week. The stock's 1-month return of 7.23% also exceeds the Sensex's gain of 1.53%, highlighting its strong performance relative to the benchmark. Furthermore, CESC has demonstrated market-beating performance over the long term, outperforming the BSE500 in the last three years, one year, and three months. This combination of recent gains, attractive valuation, and institutional backing contributes to the stock's upward movement, despite the recent drop in delivery volumes.