Why is Indian Energy Ex falling/rising?

As of 12-Jun, Indian Energy Exchange Ltd's stock price is currently at Rs 190.25, reflecting a decrease of Rs 3.5 or 1.81%. The stock has been on a downward trend, having fallen for the last two consecutive days, resulting in a total decline of 9.38% during this period. Despite this recent downturn, the company has shown positive performance over the year with a 9.62% increase, and it has outperformed its sector today by 0.55%. The stock is trading above its 100-day and 200-day moving averages but below its shorter-term moving averages, indicating some volatility. The company has demonstrated strong management efficiency with a high return on equity and low debt levels, alongside positive financial results over the last three quarters, which may provide some support for the stock despite its current decline.
In the broader market context, the Indian Energy Exchange Ltd's recent performance contrasts with the Sensex, which has seen a slight increase of 0.31% over the past week. While the stock has underperformed in the short term with a 4.52% decline over the past week and a 2.41% drop over the past month, it has still managed a year-to-date gain of 4.73%, slightly outperforming the Sensex's 4.55% increase. The power generation and distribution sector has also faced challenges, as indicated by a 2.35% drop, which may be contributing to the stock's recent struggles. Rising investor participation, as evidenced by a significant increase in delivery volume, suggests that there is still interest in the stock, potentially indicating a future rebound.