Why is Guj Inds. Power falling/rising?

As of 25-Jun, Gujarat Industries Power Co Ltd is experiencing a price increase, currently at 209.05, which reflects a rise of 12.65 or 6.44%. The stock has shown strong performance today, outperforming its sector by 5.34% and achieving consecutive gains over the last two days, with an overall return of 8.04% during this period. It reached an intraday high of Rs 213.35, and is trading above all key moving averages, indicating positive momentum. Additionally, the company has reported improved financial results after two consecutive negative quarters, with significant increases in operating profit and net profit before other income, contributing to a more favorable outlook. The rising promoter confidence, evidenced by a 1.14% increase in their stake, further supports the stock's upward movement.
In the broader market context, the stock's short-term return of 6.63% over the past week significantly outpaces the Sensex, which has only increased by 1.61% during the same period. This strong performance relative to the benchmark suggests that investor sentiment towards Gujarat Industries Power Co Ltd is improving, likely driven by the company's recent positive financial results and increased promoter confidence. However, it is important to note that the stock has a year-to-date decline of 8.11%, contrasting with the Sensex's gain of 5.91%, indicating that while the stock is currently rising, it has faced challenges over a longer time frame.