Why is Adani Power falling/rising?

As of 02-Sep, Adani Power Ltd is currently priced at 607.90, reflecting an increase of 1.2 (0.2%). The stock has shown a positive trend, gaining 2.72% over the past week and 7.26% over the past month, while it has outperformed the Sensex, which has declined by 0.78% and 0.55% in the same periods, respectively. The stock has been on a consecutive gain streak for the last four days, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 10.27% against the 5-day average. The company also demonstrates healthy long-term growth, with net sales increasing at an annual rate of 18.32% and operating profit at 66.27%, which supports a positive outlook for the stock.
In the broader market context, Adani Power's recent performance contrasts sharply with the Sensex, which has shown negative returns over the same short-term periods. While the stock has risen significantly year-to-date by 14.88%, the Sensex has only increased by 2.58%. This indicates that Adani Power is gaining traction among investors despite broader market challenges. The stock's liquidity is also favorable, allowing for substantial trading activity, which may contribute to its upward price movement. Overall, the combination of strong financial performance, positive investor sentiment, and outperformance relative to the benchmark suggests that Adani Power's stock price is rising due to solid fundamentals and market dynamics.