Why is Premier Energies falling/rising?

As of 04-Jul, Premier Energies Ltd's stock price is currently at 1,058.45, reflecting an increase of 6.35, or 0.6%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a significant decline in investor participation, with delivery volume dropping by 74.36% compared to the 5-day average. In the past week, the stock has outperformed the benchmark Sensex, gaining 1.19% while the Sensex fell by 0.74%. Despite a year-to-date decline of 21.74%, the company has demonstrated strong long-term fundamentals, including a high return on equity of 33.21% and impressive growth in net sales and operating profit.
In the broader market context, while the stock has struggled over the longer term, with a year-to-date performance significantly lagging behind the Sensex's 6.77% gain, recent institutional interest may provide a boost. Institutional investors have increased their stake in the company, which could signal confidence in its future performance. However, the stock's valuation appears expensive, with a price-to-book value of 16.9, despite a substantial increase in profits over the past year. This combination of strong fundamentals and increased institutional participation, alongside a concerning drop in retail investor activity, creates a complex picture for Premier Energies Ltd's stock movement.