Why is Indian Energy Ex falling/rising?

As of 21-Aug, Indian Energy Exchange Ltd's stock price is currently at Rs 144.50, reflecting an increase of Rs 1.45 or 1.01%. The stock has shown a positive trend recently, gaining 3.03% over the past week and outperforming its sector by 1.59% today. It has experienced consecutive gains for the last four days, reaching an intraday high of Rs 146.1. However, despite these short-term gains, the stock has a negative performance over the past month and year, with returns of -26.35% and -20.45% year-to-date, respectively. The company benefits from high management efficiency, a low debt-to-equity ratio, and positive quarterly results, which may contribute to the recent upward movement. However, concerns about poor long-term growth and high valuation metrics could weigh on investor sentiment.
In the broader market context, the stock's short-term performance of +3.03% over the last week stands in contrast to the Sensex, which has increased by 1.74% during the same period. While the stock has shown some resilience in the short term, its long-term performance remains a concern, with significant declines over the past year and three years compared to the benchmark indices. The stock's underperformance in the longer term, coupled with falling investor participation, suggests that while there may be short-term optimism, broader market conditions and historical performance metrics could lead to caution among investors.