Why is NHPC Ltd falling/rising?

As of 06-Nov, NHPC Ltd's stock price is currently at Rs 82.86, reflecting a decrease of -1.24 or -1.47%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of -2.94% during this period. Today's performance indicates that NHPC Ltd has outperformed its sector by 0.75%, despite the overall negative movement. The stock has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, while the stock has shown a year-to-date increase of +2.68%, it has underperformed against the benchmark Sensex over the past month and year, with returns of -4.32% and -1.23%, respectively. However, high institutional holdings at 21.73% and a recent increase in their stake by 0.65% may provide some support to the stock.
In the broader market context, NHPC Ltd's short-term performance has been weaker compared to the benchmark Sensex, which has gained +1.86% over the past month. The power generation and distribution sector, in which NHPC operates, has also seen a decline of -2.23%, contributing to the stock's downward pressure. Despite a rise in investor participation, as indicated by an increase in delivery volume, the overall market sentiment appears to be negative, impacting NHPC Ltd's stock price. The liquidity of the stock remains adequate for trading, but the prevailing trends suggest a cautious outlook for investors.