Why is NHPC Ltd falling/rising?

As of 16-Sep, NHPC Ltd is experiencing a price increase, currently at Rs 88.59, which reflects a rise of 1.97 or 2.27%. The stock has shown strong performance recently, gaining 12.71% over the past week and outperforming its sector by 1.51% today. It has consistently risen for the last five days, with a notable intraday high of Rs 88.85. Additionally, NHPC Ltd is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also seen a significant increase in delivery volume, rising by 94.73% compared to the 5-day average, suggesting heightened investor interest. Furthermore, the company benefits from high institutional holdings at 21.08%, which have increased by 0.53% over the previous quarter, indicating confidence from more knowledgeable investors.
In the broader market context, NHPC Ltd's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.58% over the past week. This strong relative performance highlights the stock's resilience and attractiveness to investors, especially given its year-to-date return of 9.78% compared to the Sensex's 5.43%. The overall positive sentiment surrounding NHPC Ltd, driven by robust trading activity and institutional support, contributes to its rising stock price amidst a generally favorable market environment.