Why is CESC falling/rising?

As of 18-Jul, CESC Ltd's stock price is currently at 178.75, reflecting a decrease of 1.2, or 0.67%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 1.7% during this period. Despite this recent decline, the stock has shown positive performance over the longer term, with a 1.79% return over the past year and significant gains of 139.93% over the last three years. However, the stock's current price is under pressure due to a notable drop in investor participation, with delivery volume decreasing by 40.59% compared to the five-day average. While the stock is trading at a discount compared to its peers and has high institutional holdings at 36.12%, its profits have fallen by 0.5% over the past year, which may be contributing to the recent price decline.
In the broader market context, CESC's short-term performance has outpaced the benchmark Sensex, which has declined by 0.90% over the past week, while CESC has risen by 2.03% in the same timeframe. However, the stock's year-to-date performance shows a decline of 3.79%, contrasting with the Sensex's gain of 4.63%. This indicates that while CESC has had some recent strength relative to the benchmark, its overall year-to-date performance remains weak. The combination of falling investor participation and recent profit declines may be causing caution among investors, despite the stock's attractive valuation and long-term performance metrics.