Why is Indian Energy Ex falling/rising?

As of 28-Jul, Indian Energy Exchange Ltd's stock is currently priced at Rs 139.00, reflecting a decrease of Rs 6.1 or 4.2%. The stock has underperformed significantly today, with a performance that is 4.09% lower than its sector. It reached an intraday low of Rs 132.15, marking an 8.92% decline. Over the past week, the stock has experienced a substantial drop of 29.15%, and its performance over the last month shows a decrease of 26.55%. Despite positive factors such as high management efficiency, a low debt-to-equity ratio, and consistent positive quarterly results, the stock's valuation appears expensive, and its long-term growth prospects are poor, contributing to its recent decline.
In the broader market context, the Indian Energy Exchange Ltd has underperformed compared to the Sensex, which has only declined by 1.59% over the past week. The stock's negative returns over various periods, including a 21.29% drop in the last year, highlight its struggles relative to the benchmark. Additionally, while institutional holdings are high and have increased, indicating some confidence in the company, the overall sentiment remains cautious due to the stock's poor performance in both the short and long term. This combination of factors has led to a negative outlook for the stock, resulting in its current downward trend.