Why is Adani Power falling/rising?

As of 15-Jul, Adani Power Ltd is currently priced at 608.10, reflecting a decrease of 1.4, or 0.23%. The stock is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the short term. However, there has been a decline in investor participation, with a delivery volume of 23.02 lacs on July 14, which is down by 3.67% compared to the 5-day average. Despite this recent drop, the stock has shown strong performance over the past month, with a return of 6.51%, and a year-to-date increase of 14.92%. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 16.25% and operating profit rising by 44.71%, which supports a hold recommendation for investors.
In the broader market context, Adani Power's recent performance contrasts with the benchmark Sensex, which has declined by 1.36% over the past week. While the stock has outperformed the benchmark in the short term, the overall market sentiment may be affecting its current price movement. The stock's long-term returns are significantly higher than those of the Sensex, with a three-year return of 112.21% compared to the benchmark's 53.59%. This suggests that while the stock is experiencing a slight decline today, its historical performance and growth potential remain strong relative to the broader market.