Why is Reliance Infra. falling/rising?

As of 06-Aug, Reliance Infrastructure Ltd's stock price is currently at 295.25, reflecting an increase of 14.0 or 4.98%. Today's price summary indicates that the stock has outperformed its sector by 5.52% and has experienced a trend reversal after three consecutive days of decline. Despite opening down by 5%, the stock reached an intraday high of Rs 295.3, showcasing significant volatility with a wide trading range of Rs 28.1. Over the past week, the stock has seen a decline of 9.87%, and while it has generated a return of 54.34% over the past year, it has underperformed the benchmark Sensex in the short term, which has only decreased by 1.15% in the same period. Positive factors contributing to the stock's recent rise include strong financial results, with a notable increase in profit after tax and a low debt-equity ratio, as well as rising promoter confidence with a 2.55% increase in their stake.
In the broader market context, Reliance Infrastructure's short-term performance has been less favorable compared to the Sensex, which has shown a smaller decline of 1.15% over the past week. However, the stock's long-term performance remains strong, having outperformed the BSE500 over various time frames, including a remarkable 146.14% increase over the past three years. The company's attractive valuation metrics, including a very low PEG ratio and a significant rise in profits, further support the stock's upward movement despite recent volatility and declining investor participation.