Why is Premier Energies falling/rising?

As of 01-Jul, Premier Energies Ltd is experiencing a decline in its stock price, currently at 1,056.90, which reflects a decrease of 5.7 or 0.54%. Today's price summary indicates that the stock's performance is inline with the sector, but it has reversed its trend after three consecutive days of gains. Despite being higher than the 5-day, 20-day, 50-day, and 100-day moving averages, it remains lower than the 200-day moving average. The stock has seen a rise in investor participation, with a delivery volume increase of 16.16% against the 5-day average, indicating some liquidity in trading. However, the stock's year-to-date performance shows a significant decline of 21.86%, contrasting with the Sensex's gain of 7.11%.
In the broader market context, while Premier Energies has shown a short-term return of 3.42% over the past week, it has underperformed over the past month with a decline of 0.42%, compared to the Sensex's increase of 2.76%. The company's strong long-term fundamentals, including a high return on equity and significant growth in net sales and operating profit, suggest potential for recovery. However, the stock is considered expensive with a high price-to-book value, which may deter some investors. Additionally, while institutional investors are increasing their stakes, the overall sentiment may be affected by the stock's recent performance and valuation concerns.