Why is Premier Energies falling/rising?

As of 03-Jul, Premier Energies Ltd is experiencing a decline in its stock price, currently at 1,052.10, which reflects a decrease of 5.6 points or 0.53%. Today's price summary indicates that the stock has underperformed its sector by 1.03%, and while it is higher than the 5-day, 20-day, 50-day, and 100-day moving averages, it remains lower than the 200-day moving average. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 50.72% compared to the 5-day average. In terms of returns, the stock has shown a modest increase of 0.94% over the past week but has declined by 2.74% over the past month and 22.21% year-to-date, contrasting sharply with the Sensex, which has gained 6.53% year-to-date.
In the broader market context, the stock's recent performance is notably weaker compared to the benchmark, as it has underperformed the Sensex in both the short-term and year-to-date metrics. Despite the company's strong long-term fundamentals, including a high return on equity and significant growth in net sales and operating profit, the stock's valuation appears expensive, which may deter some investors. Additionally, while institutional investors have increased their stake, suggesting confidence in the company's prospects, the overall decline in stock price indicates that market sentiment may be cautious, particularly in light of the recent drop in trading volume and the stock's inability to maintain momentum against the benchmark.