Why is Guj Inds. Power falling/rising?

As of 30-Jun, Gujarat Industries Power Co Ltd is experiencing a price increase, currently at Rs 218.60, reflecting a rise of Rs 11.6 or 5.6%. The stock has shown a positive trend today, outperforming its sector by 5.68% and reversing a two-day decline. It reached an intraday high of Rs 220.45, indicating strong buying interest. Over the past week, the stock has gained 12.97%, significantly outpacing the Sensex's 2.09% increase. Despite a year-to-date decline of 3.91%, the company has recently reported positive financial results, including a notable operating profit to interest ratio and rising profits, which have likely bolstered investor confidence. Additionally, the promoters have increased their stake in the company, signaling a strong belief in its future prospects.
In the broader market context, the stock's recent performance is particularly impressive when compared to the benchmark. While Gujarat Industries Power has risen by 12.97% over the past week, the Sensex has only increased by 2.09%, highlighting the stock's strong relative performance. However, it is important to note that the stock has underperformed over the longer term, with a year-over-year decline of 7.37% compared to the Sensex's 5.79% gain. The current liquidity levels and the recent drop in investor participation could pose challenges, but the overall positive sentiment from improved financial results and increased promoter confidence may continue to drive the stock's upward momentum.