Why is Reliance Infra. falling/rising?

As of 28-Jul, Reliance Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 326.20, which represents a decrease of Rs 15.85 or 4.63%. The stock has underperformed its sector by 4.52% today and has been on a downward trend for the last three days, accumulating a total loss of 13.92%. It opened with a loss of 2.06% and has shown significant volatility, trading within a wide range of Rs 33.05. Over the past week, the stock has fallen by 14.97%, while its performance over the last month shows a decline of 21.09%. Despite these short-term challenges, the company has reported positive financial results, including a higher PAT of Rs 3,931.95 crore and a low debt-equity ratio of 0.44 times, indicating strong financial health. Additionally, the increase in promoter stake by 2.55% reflects growing confidence in the company's future.
In the broader market context, Reliance Infrastructure's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.59% over the past week. This significant underperformance highlights the stock's struggles relative to the market. However, it's worth noting that the stock has outperformed the Sensex over longer periods, including a 71.05% return over the past year compared to the benchmark's slight decline. This long-term performance, coupled with strong financial metrics and rising promoter confidence, suggests that while the stock is currently facing short-term pressures, its fundamentals remain robust, potentially positioning it for recovery in the future.