Why is Reliance Industr falling/rising?

As of 04-Jul, Reliance Industries Ltd is experiencing a price increase, currently at 1,527.40, reflecting a rise of 8.45 or 0.56%. The stock has shown a positive performance today, gaining for the last two days with a total return of 0.6%. However, it has underperformed its sector by 0.39%. Over the past week, the stock has increased by 0.75%, while its one-month return stands at 7.32%. Despite a slight decline of 1.71% over the past year, the company maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.01 times, and has demonstrated healthy long-term growth with net sales growing at an annual rate of 10.11%. Additionally, high institutional holdings at 38.62% suggest confidence from knowledgeable investors, which may support the stock's price.
In the broader market context, Reliance Industries has outperformed the Sensex in the short term, with a weekly return of 0.75% compared to the Sensex's decline of 0.74%. However, the stock's recent performance has been affected by a decrease in investor participation, as indicated by a 34.63% drop in delivery volume compared to the five-day average. Despite this, the stock is trading above its moving averages, which may indicate positive momentum. Overall, while the stock has shown resilience in certain areas, the falling investor participation and underperformance against the sector could temper its upward trajectory.