Why is Indian Energy Ex falling/rising?

As of 17-Jul, Indian Energy Exchange Ltd is experiencing a decline in its stock price, currently at 205.60, which reflects a decrease of 2.65 or 1.27%. The stock has underperformed its sector by 0.88% today and has been on a consecutive fall for the last two days, resulting in a total decline of 1.6% during this period. Despite a strong performance over the past month with a return of 10.09%, the stock's recent movement is influenced by a significant drop in investor participation, with delivery volume falling by 40.82% against the 5-day average. Additionally, while the stock has shown impressive long-term returns, such as a 15.96% increase over the past year, concerns about its high valuation and relatively poor long-term growth prospects may be contributing to the current downward trend.
In the broader market context, the stock's short-term performance has been better than the benchmark, with a 1-week return of -0.34% compared to the Sensex's -1.12%. However, the recent decline in stock price may reflect investor caution given its high Price to Book Value ratio and a PEG ratio of 1.9, indicating that the stock is trading at a premium relative to its earnings growth. The market's overall sentiment, combined with the company's recent performance metrics, suggests that while institutional holdings remain strong and management efficiency is high, the stock's current valuation and declining trading volume may be causing investors to reassess their positions, leading to the observed price decrease.