Why is Guj Inds. Power falling/rising?

As of 08-Jul, Gujarat Industries Power Co Ltd is experiencing a price increase, currently at 220.85, reflecting a rise of 6.6 or 3.08%. Today's price summary indicates that the stock has outperformed its sector by 2.32% and has gained after two consecutive days of decline, reaching an intraday high of Rs 222.9. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there is a noted decrease in investor participation, with delivery volume falling by 63.96% compared to the 5-day average. Despite a year-to-date decline of 2.92% and a one-year drop of 10.84%, the company has shown resilience with a 6.5% increase in profits over the past year, and the promoters have increased their stake, indicating confidence in the company's future.
In the broader market context, the stock's performance over the past week has been positive, with a return of 0.62% compared to a negligible 0.02% increase in the Sensex. Over the past month, Gujarat Industries Power has significantly outperformed the benchmark, with an 11.15% return versus the Sensex's 1.85%. This strong performance, coupled with the company's improved operating profit metrics and a low debt-to-equity ratio, suggests a favorable outlook despite the recent volatility. The rising promoter confidence further supports the stock's upward movement, contrasting with the broader market's mixed performance.