Why is Indian Energy Ex falling/rising?

As of 31-Oct, Indian Energy Exchange Ltd's stock price is currently at 139.10, reflecting a decline of 4.5 points or 3.13%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.27% during this period. It has also underperformed its sector by 1.67% today. The stock's recent performance shows a 5.41% drop over the past week and a 1.52% decline over the past month, while it has experienced a significant year-to-date decrease of 23.42%. Despite high management efficiency indicated by a return on equity (ROE) of 38.92% and a low debt-to-equity ratio, the stock's valuation appears expensive with a price-to-book value of 10.9. Additionally, while the company has declared positive results for the last five consecutive quarters, the operating profit growth rate of 19.43% over the last five years raises concerns about long-term growth potential.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has shown a modest decline of only 0.32% over the past week and a gain of 3.65% over the past month. This underperformance is further highlighted by the stock's negative returns of 21.74% over the past year compared to the Sensex's positive return of 5.73%. The stock's liquidity remains adequate, with a delivery volume increase of 8.86% against the five-day average, suggesting some investor interest. However, the overall sentiment appears cautious due to the stock's poor long-term growth prospects and its significant underperformance relative to broader market indices.