Why is Indian Energy Ex falling/rising?

As of 21-Jul, Indian Energy Exchange Ltd's stock price is currently at Rs 196.20, reflecting a decline of Rs 6.85 or 3.37%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decrease of 6.1% during this period. Today's trading saw the stock reach an intraday low of Rs 195.25, and the volume traded was significantly lower than average, indicating a drop in investor participation. Despite a strong performance over the past year, with a return of 16.20% compared to the benchmark's 1.98%, the recent trend suggests a shift in market sentiment, possibly influenced by the stock's recent underperformance against its sector.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -5.26% compared to the Sensex's negligible change of -0.06%. This divergence highlights the stock's recent struggles despite its historical performance and strong fundamentals, such as high management efficiency and positive quarterly results. The decline in delivery volume and the stock's position relative to its moving averages further suggest a cautious outlook among investors, contrasting with the high institutional holdings that typically indicate confidence in the company's long-term prospects.