Why is Adani Power falling/rising?

As of 19-Sep, Adani Power Ltd is experiencing a significant rise in its stock price, currently at 709.05, reflecting an increase of 78.2 or 12.4%. The stock has reached a new 52-week high of Rs. 723.4 today and has outperformed its sector by 9.92%. Over the last two days, it has gained 12.52%, and it opened with a gain of 6.62% today. The stock's performance over various periods shows a strong upward trend, with a 34.00% increase year-to-date and an impressive 1795.86% rise over the past five years. The company is also trading above its moving averages across multiple time frames, indicating a positive momentum. However, there is a noted decline in investor participation, with delivery volume falling by 79.79% against the five-day average, which could be a concern for future trading activity.
In the broader market context, Adani Power's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 0.88% over the past week and 1.20% over the past month. This strong relative performance highlights the company's robust market position and investor confidence, bolstered by healthy long-term growth metrics such as an 18.32% annual increase in net sales and a 66.27% rise in operating profit. The stock's ability to generate returns that exceed those of the BSE500 over various time frames further underscores its attractiveness to investors, contributing to its rising price.