Why is REC Ltd falling/rising?

As of 05-Sep, REC Ltd's stock price is currently at 366.20, reflecting an increase of 1.9 (0.52%). The stock is 4.79% away from its 52-week low and has shown mixed performance recently, with a 1-week return of +4.60%, contrasting with a 1-month decline of -7.26% and a year-to-date drop of -26.84%. Despite these fluctuations, the company has demonstrated strong fundamentals, including a high Return on Equity (ROE) of 20.3 and a significant profit increase of 15.4% over the past year. The stock's attractive valuation, with a Price to Book Value of 1.2 and a high dividend yield of 5.24%, suggests that it may be undervalued compared to peers, contributing to its recent price rise.
In the broader market context, REC Ltd's short-term performance has outpaced the benchmark Sensex, which only gained 1.13% over the same week. However, the stock's longer-term performance remains concerning, with a 1-year return of -41.90% compared to the Sensex's slight decline of -1.81%. The falling investor participation, indicated by a significant drop in delivery volume, may pose challenges for sustained price increases. Nevertheless, the high institutional holdings at 34.72% indicate confidence from larger investors, which could support the stock's stability moving forward.