Why is Premier Energies falling/rising?

As of 28-Jul, Premier Energies Ltd is experiencing a decline in its stock price, currently at 1,053.95, which reflects a decrease of 38.1 points or 3.49%. The stock has underperformed its sector by 0.47% today and has been on a downward trend for the last two days, accumulating a total loss of 4.27% during this period. The stock's performance over the past week shows a slight increase of 0.49%, but it has significantly underperformed on a year-to-date basis with a decline of 22.08%. Despite strong long-term fundamentals, including a high return on equity and impressive growth in net sales and profit, the stock's recent movement is negatively impacted by its current price being lower than the 5-day, 20-day, 50-day, and 200-day moving averages, as well as a recent drop in the renewable energy sector by 3.09%.
In the broader market context, the Sensex has declined by 1.59% over the past week, indicating that the stock's short-term performance is relatively better than the benchmark. However, the overall market sentiment appears to be bearish, as evidenced by the stock's consecutive falls and the negative performance against the sector. The increase in institutional investor participation, with a 5.73% rise in their stake, suggests a potential for future stability and growth, but the current liquidity and trading volume indicate that investors may be cautious. Overall, while the company has demonstrated strong fundamentals and positive quarterly results, the recent price movements reflect a combination of sector-wide declines and short-term investor sentiment.