Why is CESC falling/rising?

As of 04-Sep, CESC Ltd's stock price is currently at 153.85, reflecting a decrease of 1.2, or 0.77%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.63% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in delivery volume, which fell by 65.51% compared to the 5-day average, suggesting reduced investor interest. Despite a relatively attractive valuation with a Return on Capital Employed (ROCE) of 5.7 and high institutional holdings at 36.32%, the company's high Debt to EBITDA ratio of 4.81 times and poor long-term growth prospects have negatively impacted investor sentiment.
In the broader market context, CESC's performance over the past week has been a decline of 0.26%, while the Sensex has increased by 0.80%. Over the past month, CESC has dropped by 6.07%, contrasting with a slight decline of 0.37% in the benchmark. Year-to-date, the stock has significantly underperformed, with a decline of 17.20% compared to a 3.30% gain in the Sensex. This stark contrast in performance highlights the challenges CESC faces in the current market environment, particularly as it has underperformed the broader market over the past year, with a return of -20.70% against the BSE500's -4.38%.