Why is REC Ltd falling/rising?

As of 02-Sep, REC Ltd's stock price is currently at Rs 364.80, reflecting an increase of Rs 3.85 or 1.07%. The stock has shown a positive performance today, outperforming its sector by 1.2% and gaining 4.2% over the last two days. However, it remains 4.43% away from its 52-week low of Rs 348.65. Despite the recent uptick, the stock has experienced a significant decline over the past year, with a return of -40.87%, although its profits have increased by 15.4%. The company boasts a high dividend yield of 5.28% and strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 19.72% and high institutional holdings at 34.72%, which may contribute to investor confidence.
In the broader market context, REC Ltd's short-term return of +0.33% over the past week contrasts with a decline of -0.78% in the Sensex, indicating that the stock is performing better than the overall market. However, over the past month, REC Ltd has underperformed with a return of -6.10% compared to the Sensex's -0.55%. The stock's recent gains may be attributed to its strong financial results and attractive valuation metrics, despite the falling investor participation indicated by a significant drop in delivery volume. Overall, while REC Ltd is experiencing a short-term rise, its long-term performance remains a concern amidst broader market trends.