Why is Adani Power falling/rising?

As of 16-Jul, Adani Power Ltd is currently priced at 604.70, reflecting a decrease of 3.4 points or 0.56%. The stock has been underperforming its sector, with a performance today that is down by 0.84%. It has experienced a consecutive decline over the last two days, resulting in a total drop of 0.79% during this period. Despite this recent downturn, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. Over the past month, Adani Power has shown a return of 7.38%, significantly outperforming the Sensex, which has only increased by 1.02%. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 16.25% and operating profit growing at 44.71%.
In the broader market context, while Adani Power has shown positive returns over the past month and year-to-date, it has underperformed the Sensex in the short term, which has declined by 1.08% over the last week. The stock's liquidity remains adequate, with a delivery volume that has decreased significantly, indicating a potential decline in investor participation. This drop in trading volume could be contributing to the stock's recent price movement. Overall, while the company has strong fundamentals and a positive long-term outlook, the recent price decline may be influenced by short-term market dynamics and reduced investor engagement.