Why is Reliance Infra. falling/rising?

As of 02-Jul, Reliance Infrastructure Ltd's stock price is currently at 397.30, reflecting a decrease of 8.5 points or 2.09%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 4.84% during this period. Today's trading saw the stock reach an intraday low of Rs 394.95, and the volume traded was closer to this low price, indicating weaker investor interest. Despite a strong performance over the past year with a return of 111.89%, the stock has recently underperformed its sector by 1.82%. Positive factors include a significant increase in promoter confidence, with a 2.55% rise in their stake, and strong financial metrics such as a high return on capital employed and a low debt-equity ratio, which suggest a solid valuation compared to peers.
In the broader market context, the stock's recent decline contrasts with the Sensex, which has gained 0.79% over the past week. While Reliance Infrastructure has shown impressive long-term performance, outperforming the BSE500 over various time frames, its short-term struggles highlight a disconnect between its historical returns and current market sentiment. The falling investor participation, as evidenced by a 9.85% drop in delivery volume compared to the five-day average, further indicates a cautious outlook among investors despite the company's strong fundamentals.