Why is Adani Power falling/rising?

As of 08-Jul, Adani Power Ltd is currently priced at 599.70, reflecting an increase of 3.0 (0.5%). The stock has shown a positive trend recently, gaining 2.57% over the last two days, although it underperformed its sector by 0.26% today. The stock has also touched an intraday high of Rs 615, indicating strong intraday performance. Over the past week, Adani Power has outperformed the benchmark Sensex with a return of 1.38% compared to the Sensex's 0.02%. Additionally, the stock has demonstrated impressive long-term growth, with net sales increasing at an annual rate of 16.25% and operating profit at 44.71%, which supports a healthy outlook for the company.
In the broader market context, Adani Power's recent performance is notable as it has achieved a year-to-date return of 13.33%, significantly higher than the Sensex's 7.13%. This indicates that while the stock has faced challenges over the past year with a decline of 14.08%, its recent gains suggest a recovery trend that is more pronounced than the overall market. The rising investor participation, with a delivery volume increase of 23.89% against the five-day average, further supports the stock's upward movement, reflecting growing confidence among investors despite the stock's recent underperformance relative to its sector.