Why is Adani Power falling/rising?

As of 21-Jul, Adani Power Ltd's stock price is currently at 596.80, reflecting an increase of 2.3, or 0.39%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite a recent drop of 2.08% over the past week, it has performed well over the last month with a return of 12.29%. The stock's performance today has outpaced its sector by 0.43%. However, there is a noted decline in investor participation, with delivery volume falling by 24.48% against the five-day average. The stock remains liquid enough for trading, based on its average traded value. Additionally, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 16.25% and operating profit at 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 seen a slight decline of 0.06% over the past week. While the stock has outperformed the benchmark over the past month and year-to-date, it has lagged behind in the one-year return, showing a decline of 14.04% compared to the Sensex's increase of 1.98%. This indicates that while the stock is experiencing a short-term recovery, it has faced significant challenges over the longer term relative to the broader market.