Why is Reliance Infra. falling/rising?

As of 15-Jul, Reliance Infrastructure Ltd is currently priced at 387.30, experiencing a decline of 1.85 points or 0.48%. Today, the stock has underperformed its sector by 0.26% and has seen a trend reversal after three consecutive days of gains. Despite this short-term decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Over the past year, Reliance Infrastructure has generated a remarkable return of 99.33%, significantly outperforming the benchmark Sensex, which has only increased by 2.36%. The company has also reported strong financial metrics, including a high return on capital employed (ROCE) of 44.10% and a low debt-equity ratio of 0.44 times, which contribute to its attractive valuation.
In the broader market context, while Reliance Infrastructure has shown impressive long-term performance, its recent decline contrasts with its strong year-to-date return of 27.40% compared to the Sensex's 5.67%. The stock's recent price movement may reflect profit-taking after a period of strong gains, despite rising investor participation and increased promoter confidence, with promoters raising their stake by 2.55%. This suggests that while the stock is facing short-term selling pressure, the underlying fundamentals remain robust, indicating potential for future growth.