Why is Indian Energy Ex falling/rising?

As of 07-Aug, Indian Energy Exchange Ltd's stock price is currently at Rs. 133.60, reflecting an increase of Rs. 1.45 or 1.1%. Despite this uptick, the stock has shown a negative trend over the past week, with a decline of 1.26%, and a significant drop of 32.95% over the past month. Today, the stock hit a new 52-week low of Rs. 130.35 but has gained after two consecutive days of decline. The stock is trading below all its moving averages, indicating a bearish trend, and has experienced a decrease in delivery volume, suggesting falling investor participation. However, the company has demonstrated high management efficiency with a strong return on equity (ROE) of 38.92%, low debt levels, and consistent positive quarterly results, which may provide some support to the stock's price.
In the broader market context, the Indian Energy Exchange Ltd has underperformed compared to the Sensex, which has shown a slight decline of 0.69% over the past week. The stock's long-term performance has been concerning, with a 32.49% drop over the past year, while the Sensex has gained 1.45% in the same period. The company's high institutional holdings, which have increased by 2.39% over the previous quarter, indicate confidence from larger investors, but the overall poor long-term growth and high valuation metrics, such as a Price to Book Value of 10.5, raise concerns about its sustainability. This combination of factors contributes to the stock's recent price movements, reflecting both its potential and the challenges it faces in the market.