Why is Adani Power falling/rising?

As of 28-Aug, Adani Power Ltd is experiencing a price increase, currently at Rs 595.25, reflecting a rise of Rs 3.45 or 0.58%. The stock has shown a strong performance today, outperforming its sector by 1.84% and reaching an intraday high of Rs 606.85, which is a 2.54% increase. Over the past month, the stock has gained 4.32%, while year-to-date it has risen by 12.49%. The stock's long-term growth is supported by a healthy annual increase in net sales of 18.32% and a significant operating profit growth of 66.27%. Additionally, the rising investor participation, indicated by a 24.18% increase in delivery volume, suggests growing interest in the stock.
In the broader market context, Adani Power's short-term performance has been relatively strong compared to the benchmark Sensex, which has declined by 2.34% over the past week. While the stock has shown a slight decrease of 0.13% over the last week, its long-term performance remains robust, with a remarkable 1418.49% increase over the past five years compared to the Sensex's 102.90%. This indicates that despite some short-term fluctuations, the stock is maintaining a positive trajectory in the long run, supported by its strong fundamentals and majority ownership by promoters.