Why is CESC falling/rising?

As of 30-Jul, CESC Ltd's stock price is currently at 176.55, reflecting a decrease of 0.5, or 0.28%. The stock has underperformed its sector today, with a performance decline of 0.26%. After two consecutive days of gains, the stock has experienced a trend reversal. Additionally, the delivery volume has decreased significantly, falling by 32.98% compared to the 5-day average, indicating a drop in investor participation. Over the past year, while the stock has generated a return of 2.23%, it has also seen a profit decline of 0.5%. Despite a relatively attractive valuation with a return on capital employed (ROCE) of 5.7 and high institutional holdings at 36.32%, these factors have not been sufficient to sustain upward momentum in the short term.
In the broader market context, CESC's performance over the past week shows a decline of 0.84%, which is better than the Sensex's drop of 1.50%, indicating some resilience relative to the benchmark. However, the stock's year-to-date performance is concerning, with a decline of 4.98% compared to the Sensex's gain of 4.28%. While CESC has outperformed the BSE500 over the long term, the recent short-term trends and declining investor participation suggest that the stock is facing challenges in maintaining its upward trajectory amidst broader market fluctuations.