Why is Indian Energy Ex falling/rising?

As of 18-Jul, Indian Energy Exchange Ltd's stock price is currently at 203.05, reflecting a decrease of 2.55, or 1.24%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 2.82% during this period. Despite this recent downturn, the stock has shown a positive trend over the past month with a return of 10.71%, and it has outperformed the market year-to-date with an increase of 11.78%. The company has demonstrated high management efficiency, with a return on equity (ROE) of 38.92%, and has reported positive results for the last three quarters. However, the stock is considered expensive with a high price-to-book value and a PEG ratio of 1.9, which may be contributing to the recent price decline.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 1.43% over the past week while the Sensex has only decreased by 0.90%. This underperformance against the benchmark, along with a recent drop in stock price, may be influencing investor sentiment negatively. Additionally, while institutional holdings are strong at 50.27%, indicating confidence from larger investors, the overall market has been challenging, with the BSE500 generating negative returns of -0.36% in the last year. This combination of factors suggests that while the company has strong fundamentals, the current market conditions and recent stock performance are leading to a decline in its stock price.