Why is Epic Energy falling/rising?

As of 02-Jul, Epic Energy Ltd's stock price is rising, currently at 65.22, reflecting an increase of 3.1 or 4.99%. The stock has shown strong performance recently, gaining 27.88% over the past week and outperforming its sector by 7.25% today. It opened with a gain of 4.99% and reached an intraday high of Rs 65.22. Despite a negative performance over the past month and year-to-date, where it has declined by 6.45% and 44.07% respectively, the stock has demonstrated remarkable growth over the past year with a return of 306.10%. Positive quarterly results, including the highest PBDIT and PAT, have contributed to this upward movement. However, the stock faces challenges due to weak long-term fundamentals, including a low Return on Equity (ROE) of 4.37% and a concerning EBIT to Interest ratio of -0.07.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only increased by 0.79% over the past week. While Epic Energy has outperformed the benchmark significantly in the short term, its long-term performance remains weak, with a decline in operating profit growth and a high Price to Book Value ratio of 5.8, indicating expensive valuation compared to peers. The renewable energy sector has also seen a decline of 2.17%, which may impact investor sentiment. Despite the stock's recent gains, falling investor participation and liquidity concerns suggest caution moving forward.