Why is Guj Inds. Power falling/rising?

As of 02-Jul, Gujarat Industries Power Co Ltd is experiencing a decline in its stock price, currently at Rs 214.50, which reflects a decrease of Rs 5.0 or 2.28%. Today's price summary indicates that the stock has underperformed its sector by 2.01% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 213.95, and the weighted average price suggests that more volume was traded close to this low price. Despite this decline, the stock is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a rise in investor participation, with a delivery volume increase of 2.82% against the 5-day average. While the stock has generated a negative return of -10.46% over the past year, it has shown a profit increase of 6.5%, indicating some underlying strength despite recent price movements.
In the broader market context, Gujarat Industries Power's short-term return over the past week is +2.61%, which is significantly higher than the Sensex's return of +0.79%. This suggests that the stock has been performing relatively well compared to the market recently, despite the current decline. The company's low debt-to-equity ratio and the recent increase in promoter stake by 1.14% reflect a positive outlook, indicating confidence in the company's future. However, the stock's premium valuation compared to peers and a high PEG ratio of 4.2 may be contributing factors to its recent price volatility. Overall, while the stock has shown some positive indicators, the recent price drop suggests a market correction or profit-taking after previous gains.