Why is Premier Energies falling/rising?

As of 18-Jul, Premier Energies Ltd is experiencing a decline in its stock price, currently at Rs 1,057.90, which represents a decrease of Rs 23.1 or 2.14%. Today's price summary indicates that the stock has underperformed its sector by 10.66% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 1,051, reflecting a drop of 2.78%. Over the past week, the stock has decreased by 4.08%, while it has shown a modest increase of 5.76% over the past month. Despite strong long-term fundamentals, including a high return on equity and significant growth in net sales and operating profit, the recent price movement suggests that investor participation is waning, as evidenced by a 63.6% drop in delivery volume compared to the five-day average.
In the broader market context, the Sensex has only declined by 0.90% over the past week, indicating that the stock's short-term performance is significantly worse than the benchmark. While institutional investors have increased their stake in Premier Energies, suggesting confidence in the company's long-term prospects, the current market sentiment appears to be negative, contributing to the stock's decline. The renewable energy sector has gained by 8.49%, further highlighting the stock's underperformance relative to its peers. Overall, the combination of falling investor participation and the stock's inability to capitalize on sector gains has led to its recent price drop.