Why is Indian Energy Ex falling/rising?

As of 16-Jul, Indian Energy Exchange Ltd is experiencing a decline in its stock price, currently at 208.25, which reflects a decrease of 0.7 or 0.34%. Today's performance indicates that the stock has underperformed its sector by 0.62% and has seen a trend reversal after two consecutive days of gains. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend over a longer period. Over the past year, the stock has generated a return of 17.46%, significantly outperforming the market, which has seen a return of only 2.38%. However, a notable decline in investor participation, with delivery volume falling by 43.92% against the 5-day average, may be contributing to the current price drop.
In the broader market context, the Indian Energy Exchange's short-term return of 0.12% over the past week contrasts with the Sensex's decline of 1.08%, indicating that the stock has been relatively resilient compared to the market. The company's high management efficiency, low debt-to-equity ratio, and strong institutional holdings suggest a solid foundation, yet concerns about its expensive valuation and poor long-term growth prospects may be weighing on investor sentiment. The stock's premium valuation compared to peers, alongside a high PEG ratio of 1.9, indicates that while the company has performed well recently, its future growth potential may not justify its current price, leading to cautious trading behavior among investors.