Why is Indian Energy Ex falling/rising?

As of 31-Jul, Indian Energy Exchange Ltd's stock price is currently at 135.30, reflecting a decrease of 0.7, or 0.51%. The stock has shown a mixed performance recently, with a 1-week return of +2.15%, but it has significantly underperformed over the past month with a decline of -29.91%. The stock is currently trading 2.81% away from its 52-week low and has underperformed its sector by 0.37%. Additionally, it is trading below all key moving averages, indicating a bearish trend. Despite high management efficiency and positive quarterly results, the stock's long-term growth prospects appear poor, with a significant decline in returns over the past year and a high valuation compared to its earnings growth.
In the broader market context, the Sensex has experienced a decline of -1.22% over the past week, indicating that the stock's short-term performance has outpaced the benchmark. However, the overall negative sentiment surrounding the stock, driven by falling investor participation and a substantial drop in delivery volume, suggests a lack of confidence among investors. The high institutional holdings may provide some support, as these investors typically have better resources for analyzing the company's fundamentals. Nonetheless, the stock's poor long-term growth and underperformance relative to broader indices over the past three years contribute to the prevailing downward pressure on its price.