Why is Reliance Infra. falling/rising?

As of 14-Jul, Reliance Infrastructure Ltd is experiencing a price increase, currently at 389.15, reflecting a rise of 11.7 or 3.1%. The stock has been on an upward trend, gaining 6.06% over the last three days and outperforming its sector by 2.45% today. It opened with a gain of 2.4% and reached an intraday high of Rs 396, indicating strong investor interest. The stock's performance over various periods shows significant growth, with a year-to-date increase of 28.01% and an impressive 104.17% rise over the past year. Positive financial indicators, such as the highest return on capital employed (ROCE) at 44.10% and a low debt-equity ratio of 0.44, contribute to its attractive valuation. Additionally, the increase in promoter stake by 2.55% signals confidence in the company's future.
In the broader market context, Reliance Infrastructure's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 1.42% over the past week while the stock rose by 4.55%. This divergence suggests that investor sentiment towards Reliance Infrastructure remains strong despite broader market challenges. The stock's consistent returns over the past three years, coupled with a significant profit increase of 340.1% in the last year, further reinforce its positive outlook compared to the benchmark's modest 5.27% gain year-to-date.