Why is Reliance Infra. falling/rising?

As of 26-Jun, Reliance Infrastructure Ltd's stock price is rising, currently at 417.50, with an increase of 13.45 (3.33%). The stock has recently reached a new 52-week high of Rs. 424 and has been on a consecutive gain streak for the last four days, yielding a total return of 11.86% during this period. Over the past week, the stock has outperformed the Sensex, gaining 8.72% compared to the benchmark's 2.94%. Additionally, the company has shown strong financial performance, with a return on capital employed (ROCE) at 44.10% and a low debt-equity ratio of 0.44, indicating a solid financial position. The increase in promoter stake by 2.55% reflects growing confidence in the company's future, further supporting the stock's upward movement.
In the broader market context, Reliance Infrastructure's short-term performance has significantly outpaced the Sensex, which has only increased by 2.94% over the same week. The stock's impressive year-to-date return of 37.34% and a remarkable 103.31% return over the past year highlight its strong performance relative to the market. Despite a slight decline in investor participation, the stock remains liquid enough for trading, suggesting continued interest from investors. Overall, the combination of positive financial results, rising promoter confidence, and consistent returns over the past three years contributes to the stock's rising trajectory amidst a favorable market environment.