Why is Indian Energy Ex falling/rising?

As of 10-Jul, Indian Energy Exchange Ltd is currently priced at 206.30, reflecting a decrease of 1.7 points or 0.82%. The stock has recently underperformed its sector by 0.85% and has experienced a trend reversal, falling after six consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week with a return of 4.43%, while it has underperformed over the past month with a decline of 1.74%. The company has demonstrated high management efficiency with a return on equity of 38.92% and has maintained a low debt-to-equity ratio. Additionally, it has reported positive results for the last three consecutive quarters, which has likely contributed to rising investor participation, as evidenced by a significant increase in delivery volume.
In the broader market context, the Indian Energy Exchange's recent performance contrasts with the Sensex, which has remained relatively flat, declining by only 0.06% over the past week. While the stock has generated a return of 17.22% over the past year, significantly outperforming the market's return of 4.09%, concerns about its long-term growth potential and high valuation may be influencing current price movements. The stock's premium valuation, indicated by a price-to-book ratio of 16.2, suggests that it may be trading at a higher price compared to its peers, which could be a factor in the recent price decline.