Why is Premier Energies falling/rising?

As of 16-Jul, Premier Energies Ltd's stock price is currently at 1,076.15, reflecting an increase of 3.85 or 0.36%. The stock has outperformed its sector by 0.28% today, although it has shown a slight decline of 0.25% over the past week. In the last month, the stock has risen by 4.55%, contrasting with a year-to-date decline of 20.44%. The stock's performance is supported by strong long-term fundamentals, including a high 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 a positive outlook from knowledgeable market participants.
In the broader market context, the Sensex has decreased by 1.08% over the past week, while Premier Energies has managed to outperform this benchmark. The stock's liquidity remains adequate for trading, although there has been a decline in delivery volume, suggesting a potential decrease in retail investor participation. Despite the recent price increase, the stock's year-to-date performance remains significantly lower than the benchmark's gain of 5.75%, highlighting the challenges it faces in the current market environment.