Why is Guj Inds. Power falling/rising?

As of 03-Jul, Gujarat Industries Power Co Ltd is experiencing a price increase, currently at Rs 216.00, reflecting a rise of 1.5 (0.7%). The stock has shown positive performance today, outperforming its sector by 1.24% and reaching an intraday high of Rs 219.2, which is a 2.19% increase. Over the past week, the stock has gained 3.75%, while its one-month return stands at 9.64%. Despite a year-to-date decline of 5.05%, the company has recently reported positive results after two consecutive negative quarters, with significant improvements in operating profit and a low debt-to-equity ratio, indicating financial stability. Additionally, rising promoter confidence, with a 1.14% increase in their stake, suggests a positive outlook for the company's future.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 0.62% over the past week. While the stock has underperformed the benchmark on a year-to-date basis, its strong recent returns and positive financial indicators may attract investor interest, especially given the liquidity of the stock and its trading above key moving averages. The overall market sentiment appears to be less favorable, but the company's specific factors, including improved financial performance and increased promoter confidence, are contributing to the stock's upward movement.