Why is Reliance Infra. falling/rising?

As of 29-Jul, Reliance Infrastructure Ltd's stock price is rising, currently at 340.35, reflecting an increase of 14.15 or 4.34%. Today's price summary indicates that the stock has outperformed its sector by 3.36% and has gained after three consecutive days of decline. Although it opened down by 2.51%, it reached an intraday high of Rs 342.5, demonstrating volatility within the trading day. Over the past week, the stock has experienced a decline of 9.60%, but it has shown strong performance over the longer term, with a 70.69% return over the past year. Positive factors contributing to this rise include a significant increase in promoter confidence, as they have raised their stake by 2.55%, and strong financial results, including a 372.8% increase in profits over the past year.
In the broader market context, while Reliance Infrastructure has faced a short-term decline, it has significantly outperformed the benchmark Sensex, which has only decreased by 1.03% over the past week. The stock's year-to-date performance is also favorable, with a return of 11.96% compared to the Sensex's 4.09%. This indicates that despite recent volatility, Reliance Infrastructure is maintaining a strong position relative to the market, supported by rising investor participation and attractive valuations compared to its peers.