Why is Premier Energies falling/rising?

As of 14-Jul, Premier Energies Ltd is experiencing a price increase, currently trading at 1,109.85, which reflects a rise of 6.95 or 0.63%. The stock has shown strong performance today, outperforming its sector by 1.09% and reaching an intraday high of Rs 1125, marking a 2% increase. Over the past week, the stock has risen by 6.52%, and in the last month, it has gained 9.76%. The company has demonstrated robust fundamentals, with a significant growth in net sales and operating profit, alongside a healthy return on equity of 33.21%. Additionally, there has been an increase in institutional investor participation, which has risen by 5.73% over the previous quarter, indicating growing confidence in the company's prospects.
In the broader market context, while Premier Energies has outperformed its sector recently, it has lagged behind the benchmark Sensex in year-to-date performance, with a decline of 17.94% compared to the Sensex's gain of 5.27%. However, the stock's recent upward movement can be attributed to strong financial results and increasing investor interest, particularly from institutional investors who are better equipped to assess the company's long-term potential. This combination of positive company-specific factors and a favorable short-term performance relative to its sector has contributed to the stock's rising price.