Why is Adani Power falling/rising?

As of 09-Jul, Adani Power Ltd is currently priced at 602.20, reflecting an increase of 2.5, or 0.42%. The stock has been gaining momentum, having risen for the last three days with a total return of 3% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 54.22% compared to the 5-day average. Despite a decline of 16.98% over the past year, the stock has shown strong long-term growth potential, with net sales increasing at an annual rate of 16.25% and operating profit growing at 44.71%, which supports its recent upward movement.
In the broader market context, Adani Power has outperformed the Sensex in the short term, with a 1-week return of 1.82% compared to the benchmark's 0.15%. Over the past month, the stock has also shown a significant advantage, gaining 6.91% while the Sensex only rose by 1.32%. This strong performance relative to the benchmark, combined with healthy fundamentals and rising investor interest, suggests a favorable environment for the stock, contributing to its recent price increase.