Why is Indian Energy Ex falling/rising?

As of 15-Jul, Indian Energy Exchange Ltd's stock price is currently at 208.95, reflecting an increase of 1.85 or 0.89%. The stock has shown strong performance recently, outperforming its sector by 1.09% today and has been on a consecutive gain for the last two days, rising 1.41% during this period. Over the past week, the stock has increased by 3.98%, while its one-month return stands at 11.68%. The company has demonstrated high management efficiency with a return on equity (ROE) 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 investor confidence and the stock's upward movement.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark, with the Sensex declining by 1.36% over the past week. Despite the stock's strong returns, there are concerns regarding its long-term growth potential, as operating profit has only grown at an annual rate of 18.27% over the last five years. Furthermore, the stock is considered expensive with a price-to-book value of 16.4, trading at a premium compared to its peers. While institutional holdings are high at 50.27%, indicating confidence from larger investors, the falling delivery volume suggests a potential decrease in retail investor participation, which could impact future price movements.