Why is Indian Energy Ex falling/rising?

As of 04-Aug, Indian Energy Exchange Ltd's stock price is currently at Rs. 134.00, reflecting an increase of Rs. 1.91 or 1.45%. The stock has recently experienced a trend reversal, gaining after two consecutive days of decline. However, it has hit a new 52-week low of Rs. 130.7 today. Despite this short-term gain, the stock has underperformed significantly over various periods, with a 1-month return of -32.24% and a year-to-date return of -26.23%. The stock is also trading below its moving averages across multiple time frames, indicating a bearish trend. On a positive note, the company has demonstrated high management efficiency with a return on equity of 38.92%, low debt levels, and has reported positive results for the last four consecutive quarters, which may support investor confidence.
In the broader market context, the Indian Energy Exchange Ltd's recent performance contrasts sharply with the Sensex, which has shown a slight gain of 0.16% over the past week. The stock's performance over the last month and year has been notably poor compared to the benchmark, with the stock down 32.24% in the last month while the Sensex is down only 2.89%. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 68.68% against the 5-day average, which may indicate waning interest among retail investors. However, the stock benefits from high institutional holdings at 52.66%, suggesting that more sophisticated investors are still backing the company, potentially stabilizing its price amidst broader market fluctuations.