Why is NHPC Ltd falling/rising?

As of 15-Jul, NHPC Ltd is currently priced at 88.10, reflecting a decrease of 0.64, or 0.72%. The stock has underperformed its sector by 0.5% today and has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, NHPC Ltd has shown positive returns over the past month, increasing by 2.33%, and has significantly outperformed the benchmark Sensex over the year-to-date period with a return of 9.17% compared to the Sensex's 5.67%. However, the stock has a notable decline of 23.92% over the past year. Additionally, high institutional holdings at 20.55% indicate confidence in the stock, as these investors have increased their stake by 0.6% over the previous quarter, suggesting a positive outlook on the company's fundamentals.
In the broader market context, NHPC Ltd's short-term performance of +0.16% over the past week contrasts with the Sensex's decline of 1.36%, highlighting its relative strength in a challenging market environment. However, the stock's recent drop may be attributed to falling investor participation, as evidenced by a 5% decrease in delivery volume against the 5-day average. While the stock remains liquid enough for trading, the combination of recent price movements and declining participation may be contributing to the current downward trend.