Why is CESC falling/rising?

As of 15-Jul, CESC Ltd's stock price is currently at 181.85, reflecting an increase of 1.65, or 0.92%. The stock has been gaining for the last two days, with a total return of 3.8% during this period, and it has outperformed its sector by 1.14%. Additionally, CESC is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite these positive indicators, the stock has experienced a decline of 0.87% over the past year, and its profits have fallen by 0.5%. The stock is considered to have an attractive valuation with a return on capital employed (ROCE) of 5.7, and it is trading at a discount compared to its peers' average historical valuations. High institutional holdings at 36.12% suggest that knowledgeable investors are backing the stock, which may contribute to its recent upward movement.
In the broader market context, CESC's short-term return of 0.94% over the past week contrasts with the Sensex, which has declined by 1.36% during the same period. While CESC has shown resilience in the short term, its year-to-date performance is down by 2.13%, compared to the Sensex's increase of 5.67%. This indicates that while CESC is currently experiencing a positive price movement, it is still lagging behind the broader market trends over a longer timeframe. The falling investor participation, with a decrease in delivery volume, may also signal caution among retail investors, despite the stock's recent gains.