Why is Indian Energy Ex falling/rising?

As of 29-Jul, Indian Energy Exchange Ltd's stock price is currently at Rs 134.70, reflecting a decrease of Rs 4.3 or 3.09%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 7.17% during this period. It is also close to its 52-week low, just 2.38% away from Rs 131.5. The stock's performance over the past week shows a significant drop of 30.03%, while it has decreased by 28.82% over the past month. Despite positive financial results in the last four quarters and high management efficiency indicated by a return on equity (ROE) of 38.92%, the stock is facing pressure due to poor long-term growth prospects and a high valuation relative to its earnings growth.
In the broader market context, the Indian Energy Exchange Ltd has underperformed the Sensex, which has only declined by 1.03% over the past week. The stock's liquidity appears to be adequate, but there has been a notable drop in investor participation, with delivery volume falling by 36.95% compared to the five-day average. Furthermore, while institutional holdings are high at 52.66%, indicating some level of confidence from larger investors, the overall sentiment remains cautious due to the stock's historical underperformance against broader indices over various time frames.