Why is Reliance Infra. falling/rising?

As of 07-Aug, Reliance Infrastructure Ltd's stock price is currently at Rs 281.95, reflecting a decrease of Rs 13.3 or 4.5%. Today's price summary indicates that the stock opened lower, with an initial loss of 2.79%, and reached an intraday low of Rs 280.5, marking a decline of 5%. The stock has underperformed its sector by 4.76% today, and it is trading below all its moving averages, suggesting a bearish trend. Over the past week, the stock has dropped 14.04%, and in the last month, it has seen a significant decline of 24.25%. Despite these short-term challenges, the company has shown strong financial performance with a 372.8% increase in profits over the past year and a very attractive valuation indicated by a PEG ratio of 0.
In the broader market context, while Reliance Infrastructure has underperformed the Sensex in the short term, it has outperformed the benchmark over longer periods, including a 31.81% return over the past year compared to the Sensex's 1.45%. The recent increase in promoter stake by 2.55% signals confidence in the company's future, which may provide some support for the stock despite its current decline. The stock's liquidity remains sufficient for trading, with a notable rise in delivery volume, indicating some investor interest. However, the significant short-term losses and underperformance against the sector may be contributing to the downward pressure on the stock price.