Why is NHPC Ltd falling/rising?

As of 14-Jul, NHPC Ltd is experiencing a price increase, currently at 88.74, reflecting a change of 0.66 or 0.75% upward. The stock has shown positive momentum, gaining 1.39% over the last two days and outperforming the benchmark Sensex in the short term with a 5.02% return over the past week compared to a decline of 1.42% for the index. Additionally, NHPC Ltd is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a decline in investor participation, with delivery volume falling by 7.74% against the 5-day average. The stock benefits from high institutional holdings at 20.55%, which have increased by 0.6% over the previous quarter, suggesting confidence from more knowledgeable investors.
In the broader market context, NHPC Ltd's recent performance contrasts sharply with the Sensex, which has shown a decline over the past week while NHPC has risen. Year-to-date, NHPC has outperformed the benchmark with a return of 9.96% compared to the Sensex's 5.27%. This indicates that while the overall market may be facing challenges, NHPC Ltd is managing to attract investor interest, likely due to its strong institutional backing and positive short-term performance.