Why is REC Ltd falling/rising?

As of 01-Sep, REC Ltd's stock price is rising, currently at Rs 360.95, reflecting an increase of Rs 10.85 or 3.1%. Today's price summary indicates that the stock has outperformed its sector by 1.49% and has shown a trend reversal after seven consecutive days of decline, reaching an intraday high of Rs 361.75. Despite this positive movement, the stock is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 3.77%, and it has significantly underperformed on a year-to-date basis with a decline of 27.89%. However, the company has demonstrated strong fundamentals, with a high return on equity of 20.3% and a favorable price-to-book value ratio, which suggests that the stock is trading at a fair value compared to its peers.
In the broader market context, REC Ltd's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 1.56% over the past week. The stock's substantial institutional holdings at 34.72% indicate confidence from larger investors, who typically have more resources to analyze the company's fundamentals. Additionally, the rising investor participation, evidenced by a 52.98% increase in delivery volume, suggests growing interest in the stock. While the stock has faced significant declines over the past year, its profits have increased by 15.4%, contributing to a PEG ratio of 0.4, which may attract investors looking for value opportunities.