Why is CESC falling/rising?

As of 17-Jul, CESC Ltd's stock price is currently at 179.95, reflecting a decrease of 1.25, or 0.69%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.04% during this period. Additionally, the stock's performance today has underperformed its sector by 0.3%. Despite trading above its moving averages across various time frames, the delivery volume has decreased significantly, falling by 26.95% against the five-day average, indicating a drop in investor participation. Over the past year, the stock has generated no returns, and its profits have declined by 0.5%. However, it maintains an attractive valuation with a return on capital employed (ROCE) of 5.7 and a high institutional holding of 36.12%, suggesting that larger investors are still confident in its fundamentals.
In the broader market context, CESC's short-term return of 0.87% over the past week contrasts with the Sensex, which has declined by 1.12%. While the stock has shown positive returns over the past month at 10.40%, it has underperformed year-to-date with a decline of 3.15% compared to the Sensex's gain of 5.27%. The stock's performance over three and five years has been strong, with returns of 142.52% and 195.05%, respectively, indicating a long-term growth trend. However, the recent declines and falling investor participation suggest a cautious sentiment in the short term, despite the stock's attractive valuation relative to its peers.