Why is Premier Energies falling/rising?

As of 30-Jul, Premier Energies Ltd's stock price is currently at 1,068.80, reflecting an increase of 16.45 (1.56%). Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, outperforming its sector by 2.31%. The stock reached an intraday high of Rs 1100, marking a 4.53% increase. Despite this positive movement today, the stock has experienced a 1.97% decline over the past week and a 20.98% drop year-to-date. However, the company has shown strong long-term fundamentals, with a significant growth in net sales and operating profit, alongside a low debt-to-equity ratio, which may contribute positively to investor sentiment.
In the broader market context, the Sensex has declined by 1.50% over the past week, indicating that while Premier Energies has outperformed the benchmark in the short term, it still faces challenges in the year-to-date comparison, where it has underperformed against the Sensex's 4.28% gain. Additionally, institutional investors have increased their stake in the company by 5.73%, suggesting growing confidence in its long-term prospects, which may help stabilize the stock amidst falling investor participation, as indicated by a 34.66% decrease in delivery volume against the five-day average.