Why is Indian Energy Ex falling/rising?

As of 25-Jul, Indian Energy Exchange Ltd's stock price is rising, currently at 145.10, reflecting an increase of 12.65, or 9.55%. Today's price summary indicates that the stock has outperformed its sector by 11.89% and has experienced a trend reversal after seven consecutive days of decline. It opened with a gain of 3.44% and reached an intraday high of Rs 149.45. Despite this positive movement, the stock has shown poor performance over the past week and month, with declines of 28.54% and 23.25%, respectively. However, the company has demonstrated high management efficiency with a return on equity (ROE) of 38.92% and has reported positive results for the last four consecutive quarters, which may have contributed to the recent uptick in price.
In the broader market context, the Indian Energy Exchange's short-term performance contrasts sharply with the benchmark, as it has significantly underperformed the Sensex over the past week and month. While the Sensex has only declined by 0.36% and 1.56%, respectively, Indian Energy Exchange's steep declines highlight its volatility. The stock's liquidity remains adequate, with a notable increase in delivery volume, suggesting rising investor participation. However, concerns about long-term growth persist, as the company has shown below-par performance in both the near and long term, with a negative return of 17.53% over the past year. This mixed performance landscape indicates that while there are positive factors supporting the stock's recent rise, significant challenges remain that could impact its future trajectory.