Why is Guj Inds. Power falling/rising?

As of 09-Jul, Gujarat Industries Power Co Ltd's stock price is currently at 218.80, reflecting a decrease of 2.05, or 0.93%. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 2.00% and 4.89%, respectively. However, it has underperformed its sector today by 1.26%. The stock is trading above its moving averages across various time frames, indicating a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 128.4% compared to the 5-day average. The company has also recently reported positive financial results after two consecutive quarters of losses, which may contribute to investor confidence, despite the stock's year-to-date decline of 3.82% and a one-year return of -10.24%.
In the broader market context, the Sensex has shown a modest gain of 0.15% over the past week and 1.32% over the past month, indicating that the overall market is performing well compared to Gujarat Industries Power Co Ltd's recent performance. The company's low debt-to-equity ratio and rising promoter confidence, with a 1.14% increase in stake, suggest a stable outlook for the business, which could support future price recovery. However, the stock's premium valuation relative to peers and a high PEG ratio of 4.2 may be factors that are causing some investors to be cautious, contributing to the current price decline.