Why is Reliance Infra. falling/rising?

As of 01-Aug, Reliance Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 311.60, which reflects a decrease of Rs 16.4 or 5.0%. The stock has underperformed its sector today by 3.47%, opening with a loss of 4.88% and reaching an intraday low of Rs 311.60. Over the past week, the stock has decreased by 8.90%, and in the last month, it has fallen by 23.21%. Despite a strong performance over the past year with a return of 45.47%, the stock's recent movement is influenced by a significant drop in investor participation, as evidenced by a 44.87% decline in delivery volume compared to the 5-day average. While the company has shown positive financial results, including a higher PAT and a low debt-equity ratio, the current market sentiment appears to be negative.
In the broader market context, the stock's short-term performance is notably worse than the benchmark Sensex, which has only declined by 1.06% over the past week. Although Reliance Infrastructure has outperformed the benchmark over longer periods, the recent downturn contrasts sharply with its historical performance. The company's rising promoter confidence, with a 2.55% increase in stake, indicates a belief in future growth, but this has not translated into immediate positive market sentiment. Overall, while the company has strong fundamentals and a history of outperforming the market, the current price drop reflects a combination of short-term market pressures and reduced trading activity.