Why is Reliance Infra. falling/rising?

As of 21-Aug, Reliance Infrastructure Ltd's stock price is currently at 302.95, reflecting an increase of 13.7 or 4.74%. The stock has shown strong performance today, outperforming its sector by 5.32% and achieving a consecutive gain over the last five days, during which it has risen by 17.63%. It opened with a gain of 4.75% and reached an intraday high of Rs 303.7. Over the past week, the stock has increased by 16.52%, contrasting with a decline of 21.03% over the past month. Positive factors contributing to this rise include strong financial results, with a higher PAT of Rs 3,931.95 crore and a record ROCE of 44.10%. Additionally, the promoters have increased their stake in the company, indicating confidence in its future prospects.
In the broader market context, while Reliance Infrastructure has outperformed the Sensex by a significant margin in the short term, with a 16.52% increase compared to the Sensex's 1.74% rise over the past week, it has struggled over the longer term, with a year-to-date return of -0.35% against the Sensex's 4.94%. Despite the recent positive momentum and rising investor participation, concerns remain regarding the company's long-term fundamental strength, particularly its high Debt to EBITDA ratio of 14.55 times, which could affect its ability to service debt. Overall, the stock's recent upward movement appears to be driven by strong short-term performance and positive investor sentiment, despite underlying long-term challenges.