Why is NHPC Ltd falling/rising?

As of 11-Jul, NHPC Ltd is currently priced at 88.08, reflecting an increase of 0.56 or 0.64%. The stock has shown a strong performance today, outperforming its sector by 0.92%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable rise in investor participation, with a delivery volume of 1.01 crore on July 10, which is up by 45.37% compared to the 5-day average. Despite a year-to-date gain of 9.14%, the stock has experienced a decline of 22.77% over the past year. High institutional holdings at 20.55%, which have increased by 0.6% over the previous quarter, suggest that informed investors are confident in the company's fundamentals, contributing to the stock's recent upward movement.
In the broader market context, NHPC Ltd has outperformed the Sensex in the short term, with a 1-week return of +3.59% compared to the benchmark's -1.12%. This indicates that while the overall market may be facing challenges, NHPC Ltd is gaining traction among investors. The stock's year-to-date performance of +9.14% also surpasses the Sensex's +5.58%, further highlighting its relative strength. Overall, the combination of positive investor sentiment, strong institutional backing, and favorable trading conditions has contributed to NHPC Ltd's rising stock price.