Why is CESC falling/rising?

As of 08-Jul, CESC Ltd's stock price is currently at 180.15, showing no change (0.00%). The stock has underperformed its sector by 0.76% today, despite trading above its moving averages across various time frames. Over the past week, CESC has seen a return of 2.07%, and over the past month, it has increased by 7.23%. However, the stock has experienced a decline of 3.04% year-to-date. While it has generated a modest return of 4.71% over the past year, its profits have decreased by 0.5%. The stock's attractive valuation, indicated by a return on capital employed (ROCE) of 5.7 and a low enterprise value to capital employed ratio, suggests it is trading at a discount compared to peers. Additionally, high institutional holdings at 36.12% may provide some stability, as these investors typically have more resources to analyze company fundamentals.
In the broader market context, CESC's recent performance has outpaced the benchmark Sensex, which has only increased by 0.02% over the past week. However, the stock's year-to-date performance is lagging behind the Sensex's gain of 7.13%. The decline in delivery volume by 6.33% against the five-day average indicates a potential decrease in investor participation, which could be a concern for future price movements. Despite the stock's strong long-term performance, including a 147.46% increase over three years, the current lack of momentum in the short term, combined with falling investor participation, may contribute to a cautious outlook for CESC Ltd.