Why is Premier Energies falling/rising?

As of 15-Jul, Premier Energies Ltd is experiencing a decline in its stock price, currently at Rs 1,072.30, which reflects a decrease of Rs 37.55 or 3.38%. Today's price summary indicates that the stock has underperformed its sector by 4.21%, with an intraday high of Rs 1,135 and a low of Rs 1,067.05. The stock has shown a positive return of 1.59% over the past week and 6.04% over the past month, although it has a year-to-date decline of 20.72%. Despite strong long-term fundamentals, including a high average return on equity of 33.21% and significant growth in net sales and operating profit, the recent price movement suggests a negative sentiment, exacerbated by a 32.3% drop in delivery volume compared to the five-day average.
In the broader market context, the Sensex has declined by 1.36% over the past week, indicating that the stock's short-term performance is relatively better than the benchmark. However, the year-to-date performance of Premier Energies is significantly worse than the Sensex, which has gained 5.67%. The increasing participation of institutional investors, who have raised their stake by 5.73%, may provide some support for the stock, but the current liquidity and falling investor participation signal caution among retail investors. Overall, while the company has demonstrated strong fundamentals, the recent price decline reflects broader market pressures and investor sentiment.