Why is Premier Energies falling/rising?

As of 11-Jul, Premier Energies Ltd is experiencing a decline in its stock price, currently at Rs 1,102.90, reflecting a decrease of Rs 12.5 or 1.12%. Today's price summary indicates that the stock has underperformed its sector by 0.68% and has fallen after three consecutive days of gains, touching an intraday low of Rs 1,071.9, which is a drop of 3.9%. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. The company has shown strong long-term fundamentals, with a robust average Return on Equity (ROE) of 33.21% and significant growth in net sales and operating profit. Additionally, institutional investors have increased their stake in the company, indicating confidence in its long-term prospects.
In the broader market context, Premier Energies has outperformed the Sensex over the past week and month, with returns of 4.20% and 4.31%, respectively, while the Sensex has declined by 1.12% and 0.02% in the same periods. However, year-to-date, the stock has underperformed significantly, with a decline of 18.46% compared to the Sensex's gain of 5.58%. This disparity highlights the challenges the stock faces despite positive institutional interest and strong fundamentals, which may not be enough to counteract the recent price decline.