Why is Adani Power falling/rising?

As of 01-Jul, Adani Power Ltd's stock price is currently at 591.55, reflecting an increase of 5.75 (0.98%). The stock has been on a positive trajectory, gaining for the last seven days and achieving a total return of 11.3% during this period. It has outperformed its sector by 1.17% today and is trading above all key moving averages, indicating strong momentum. However, there has been a decline in investor participation, with delivery volume falling by 22.74% compared to the five-day average. Despite this, the company shows healthy long-term growth potential, with net sales increasing at an annual rate of 16.25% and operating profit at 44.71%, which supports the stock's recent upward movement.
In the broader market context, Adani Power's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 2.00% over the past week. The stock's one-week return of 8.18% further illustrates its strong performance relative to the market. Additionally, while the stock has experienced a decline of 17.59% over the past year, its three-year and five-year returns of 124.58% and 1550.07%, respectively, highlight its long-term growth potential, contrasting with the Sensex's more modest gains of 58.19% and 136.34% over the same periods.