Why is NHPC Ltd falling/rising?

As of 10-Jul, NHPC Ltd is currently priced at 87.52, reflecting a decrease of 0.76 or 0.86%. The stock has recently underperformed its sector by 0.89% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, NHPC Ltd is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over the longer term. In terms of performance against benchmarks, the stock has shown a 3.03% increase over the past week, although it has declined by 2.46% over the past month and is down 19.52% year-over-year. Notably, institutional holdings have increased by 0.6% over the previous quarter, suggesting confidence from larger investors, which may provide some support for the stock.
In the broader market context, NHPC Ltd's recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week and a 0.97% increase over the past month. This indicates that while NHPC Ltd has outperformed the benchmark in the short term, its longer-term performance remains weak compared to the index. The rising investor participation, evidenced by a significant increase in delivery volume, suggests that there is still interest in the stock despite its recent price drop. Overall, while NHPC Ltd is facing some downward pressure, the increased institutional holdings and positive trading volume may provide a foundation for potential recovery.