Why is CESC falling/rising?

As of 09-Jul, CESC Ltd's stock price is currently at 180.75, reflecting an increase of 0.6, or 0.33%. The stock is performing well, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 36.36% compared to the 5-day average. Despite a slight decline in profits over the past year, the stock is considered to have an attractive valuation, trading at a discount to its peers, which may contribute to its recent upward movement.
In the broader market context, CESC's 1-week return of +2.06% significantly outperforms the Sensex's return of +0.15%, indicating strong short-term performance relative to the benchmark. However, the stock has underperformed year-to-date with a return of -2.72% compared to the Sensex's +6.91%. The high institutional holdings at 36.12% suggest that knowledgeable investors are backing the stock, which may provide additional confidence to retail investors. Overall, the combination of positive valuation metrics and strong short-term performance against the benchmark supports the stock's rising trend.