Why is CESC falling/rising?

As of 21-Jul, CESC Ltd's stock price is currently at 179.40, reflecting an increase of 0.65, or 0.36%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite a recent drop in delivery volume by 22.46% against the 5-day average, the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a relatively strong position. Over the past year, CESC has generated a return of 7.10%, although profits have slightly decreased by 0.5%. The stock is considered to have an attractive valuation with a high institutional holding of 36.12%, suggesting confidence from larger investors who are typically more adept at analyzing company fundamentals.
In the broader market context, CESC's performance over the past week shows a decline of 0.44%, while the Sensex has only decreased by 0.06%, indicating that the stock has underperformed the benchmark in the short term. However, over the last month, CESC has outperformed the Sensex with a return of 9.76% compared to the benchmark's decline of 0.25%. This suggests that while the stock may be facing short-term challenges, its long-term performance remains strong, particularly over the past three years where it has significantly outperformed the BSE500.