Why is Adani Power falling/rising?

As of 03-Sep, Adani Power Ltd is currently priced at 609.20, reflecting an increase of 1.3 (0.21%). The stock has been on a positive trajectory, gaining for the last five days and achieving a return of 2.94% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. However, there is a noted decline in investor participation, with delivery volume falling by 27.38% compared to the 5-day average. Despite this, the company shows healthy long-term growth, with net sales increasing at an annual rate of 18.32% and operating profit growing at 66.27%, which supports a positive outlook for the stock.
In the broader market context, Adani Power's performance over the past week has outpaced the Sensex, which has declined by 0.27%, while Adani Power has risen by 2.94%. This trend is consistent with its one-month return of 7.49% compared to the Sensex's slight decline of 0.04%. Over the year-to-date, Adani Power has also significantly outperformed the benchmark, with a return of 15.13% against the Sensex's 3.11%. This strong relative performance suggests that while there may be some short-term fluctuations in trading volume, the stock's overall upward movement is supported by robust financial growth and favorable comparisons to the broader market.