Why is Reliance Industr falling/rising?

As of 03-Jul, Reliance Industries Ltd is currently priced at 1,518.95, reflecting a slight increase of 0.7 (0.05%). The stock has shown a positive performance over the past week with a return of +1.59%, while it has outperformed the benchmark Sensex, which has declined by -0.62% during the same period. Today's price movement is in line with the sector, and the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decrease in investor participation, with delivery volume falling by -50.36% compared to the 5-day average. Despite this, the stock remains liquid enough for trading, supported by a market cap of Rs 20,54,567 cr, making it the largest company in its sector.
In terms of broader market context, Reliance Industries has demonstrated strong long-term growth potential, with net sales increasing at an annual rate of 10.11%. The company maintains a low Debt to EBITDA ratio of 1.01 times, indicating a strong ability to service its debt, which is a positive factor for investors. Additionally, high institutional holdings at 38.62% suggest that knowledgeable investors are backing the stock, which can instill confidence in retail investors. While the stock has experienced a slight decline of -2.17% over the past year, its profits have remained stable, and it is trading at a discount compared to its peers. Overall, the combination of solid fundamentals and recent positive price movements contributes to the stock's resilience in a fluctuating market.