Why is CESC falling/rising?

As of 14-Jul, CESC Ltd's stock price is currently at Rs 180.20, reflecting an increase of Rs 5.0 or 2.85%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it outperformed its sector by 2.2% today. Additionally, CESC reached an intraday high of Rs 181.15, which is a 3.4% increase. Over the past week, the stock has had a marginal return of +0.03%, while its performance over the last month has been significantly better at +9.54%. Despite a year-to-date decline of -3.01%, the stock has demonstrated strong long-term performance, with a 142.53% increase over three years and 186.03% over five years. The stock is currently trading at a discount compared to its peers, supported by a high institutional holding of 36.12%, which may indicate confidence in its fundamentals despite a slight profit decline of -0.5% over the past year.
In the broader market context, CESC's short-term performance has outpaced the Sensex, which has declined by -1.42% over the past week. This suggests that while the overall market is facing challenges, CESC is managing to attract investor interest, possibly due to its attractive valuation metrics and strong historical returns compared to the benchmark. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by -37.66% against the five-day average, which could indicate a potential concern for future price stability. Overall, the stock's recent rise can be attributed to its favorable valuation and institutional support, despite some negative trends in investor activity.