Why is Indian Energy Ex falling/rising?

As of 25-Jun, Indian Energy Exchange Ltd's stock price is currently at Rs 189.05, reflecting an increase of Rs 1.3 or 0.69%. The stock has been on a positive trajectory, gaining for the last four consecutive days with a total return of 5.7% during this period. Despite this upward trend, the stock underperformed its sector by 0.41% today. It has shown mixed performance over different time frames, with a 1-week return of +3.08% and a 1-month decline of -3.15%. The company's strong fundamentals, including a high return on equity of 38.92%, low debt-to-equity ratio, and positive results over the last three quarters, contribute to investor confidence, as evidenced by a significant increase in delivery volume.
In the broader market context, the stock's recent performance has outpaced the benchmark Sensex over the past week, which gained 1.61%, while the stock rose by 3.08%. However, over the longer term, the stock has lagged behind the benchmark, with a year-to-date return of +4.07% compared to the Sensex's +5.91%. The high institutional holdings at 50.27% suggest that knowledgeable investors are backing the stock, which may provide additional support for its price. Overall, while the stock is experiencing a rise, its recent underperformance against the sector and mixed longer-term returns indicate a cautious outlook.