Why is Indian Energy Ex falling/rising?

As of 06-Aug, Indian Energy Exchange Ltd is experiencing a decline in its stock price, currently at Rs 132.45, which reflects a decrease of Rs 1.05 or 0.79%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total return of -1.16% during this period. Additionally, it is trading close to its 52-week low, just 1.32% above Rs 130.7. The stock's performance over the past week shows a decline of 2.61%, and over the past month, it has dropped significantly by 33.02%. Despite positive indicators such as high management efficiency and consistent quarterly results, the stock's valuation appears expensive, and it has underperformed both the BSE500 and its sector.
In the broader market context, the Sensex has only declined by 1.15% over the past week, indicating that Indian Energy Exchange Ltd's short-term performance is lagging behind the benchmark. The stock's poor long-term growth prospects, coupled with a high Price to Book Value ratio, contribute to its negative sentiment among investors. Furthermore, a decrease in investor participation, as evidenced by a 14.88% drop in delivery volume, suggests waning interest in the stock. While institutional holdings remain strong, the overall market context reflects a challenging environment for Indian Energy Exchange Ltd, leading to its current price decline.