Why is NHPC Ltd falling/rising?

As of 17-Sep, NHPC Ltd's stock price is currently at Rs 87.18, reflecting a decrease of Rs 1.41 or 1.59%. The stock has underperformed its sector by 1.18% today, marking a trend reversal after five consecutive days of gains. It reached an intraday low of Rs 86.75, which is a decline of 2.08%. Despite this recent drop, NHPC Ltd has shown strong performance over the past week and month, with returns of 9.67% and 5.99%, respectively. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The increase in institutional holdings by 0.53% over the previous quarter suggests confidence from larger investors, which may provide some support for the stock despite its current decline.
In the broader market context, NHPC Ltd's recent performance has outpaced the Sensex, which has only gained 1.56% over the past week and 2.60% over the past month. However, the stock's year-to-date return of 8.03% is still better than the Sensex's 5.83%. This indicates that while NHPC Ltd is experiencing a short-term setback, its longer-term performance remains strong relative to the benchmark. The rising investor participation, evidenced by a 60.73% increase in delivery volume, also suggests that there is still interest in the stock, which could help stabilize its price in the future.