Why is Indian Energy Ex falling/rising?

As of 22-Aug, Indian Energy Exchange Ltd's stock price is currently at 143.85, reflecting a decrease of 0.65, or 0.45%. The stock has experienced a trend reversal, falling after four consecutive days of gains. In terms of performance, the stock has shown a 2.57% increase over the past week, but it has significantly underperformed over the longer term, with a 25.27% decline over the past month and a 26.34% drop over the past year. Despite positive indicators such as high management efficiency, a low debt-to-equity ratio, and positive results for the last four quarters, the stock's valuation appears expensive with a Price to Book Value of 11.3. Additionally, the recent decline in delivery volume suggests falling investor participation, which may contribute to the stock's downward movement.
In the broader market context, the stock's short-term return of 2.57% over the past week outperforms the Sensex, which has only increased by 0.88% in the same period. However, the stock's long-term performance is concerning, as it has underperformed the benchmark indices significantly over the past year and three years. The company's high institutional holdings indicate confidence among larger investors, but the overall poor long-term growth prospects and below-par performance relative to the broader market may be causing hesitation among retail investors, leading to the recent decline in stock price.