Why is Indian Energy Ex falling/rising?

As of 20-Aug, Indian Energy Exchange Ltd's stock price is currently at 143.05, reflecting an increase of 1.45, or 1.02%. The stock has shown a positive performance today, outperforming its sector by 0.55%, and it has been on a consecutive gain streak for the last three days, rising by 2% during this period. However, despite this recent uptick, the stock has experienced a significant decline of 29.55% over the past month and a year-to-date drop of 21.25%. Positive factors contributing to its recent movement include high management efficiency, evidenced by a return on equity (ROE) of 38.92%, a low debt-to-equity ratio, and consistent positive results over the last four quarters. Additionally, institutional holdings have increased by 2.39%, indicating confidence from larger investors.
In the broader market context, the stock's short-term return of 1.42% over the past week is slightly below the benchmark Sensex, which has risen by 1.64% in the same period. This underperformance in the longer term is notable, as the stock has generated a return of -26.68% over the past year, while the Sensex has only increased by 1.31%. The stock's valuation appears high with a price-to-book value of 11.2, and despite a rise in profits, the overall performance has been below par, contributing to a cautious outlook among investors.