Why is Premier Energies falling/rising?

As of 25-Jul, Premier Energies Ltd is experiencing a decline in its stock price, currently at 1,092.05, which reflects a decrease of 8.9 or 0.81%. Despite outperforming its sector by 1.54% today, the stock has fallen after three consecutive days of gains. The stock's performance over the past week shows an increase of 3.23%, while it has risen by 7.23% over the past month. However, year-to-date, it has seen a significant drop of 19.26%. Positive factors include strong long-term fundamentals, with an average return on equity of 33.21%, and impressive growth in net sales and operating profit. Additionally, institutional investors have increased their stake, indicating confidence in the company's future.
In the broader market context, the Sensex has declined by 0.36% over the past week and 1.56% over the past month, contrasting with Premier Energies' short-term gains. However, the renewable energy sector has faced a downturn of 2.28%, which may be influencing investor sentiment negatively. The stock's liquidity appears adequate for trading, and the recent increase in delivery volume suggests rising investor participation. Despite the positive growth in net profit and sales, the stock's valuation remains high, which could be a concern for potential investors.