Why is Reliance Infra. falling/rising?

As of 03-Sep, Reliance Infrastructure Ltd is experiencing a price increase, currently at Rs 292.85, reflecting a rise of 13.9 or 4.98%. The stock has shown strong performance today, outperforming its sector by 4.99% and has gained consecutively over the last three days, accumulating a total return of 10.34% during this period. Despite a recent decline of 6.02% over the past month, the stock has performed well over the last year, generating a return of 48.05%, significantly higher than the negative return of -2.41% from the benchmark. Positive factors contributing to this rise include impressive financial results, with a notable increase in profit after tax and a low debt-equity ratio, which indicates strong financial health. Additionally, rising promoter confidence, evidenced by a 2.55% increase in their stake, suggests optimism about the company's future.
Broader market context indicates that while the stock has been performing well, the overall market has faced challenges, with the BSE500 index showing negative returns of -4.38% over the past year. In the short term, Reliance Infrastructure's performance has been particularly strong, with a weekly return of 9.54% compared to a slight decline of -0.27% in the Sensex. This contrast highlights the stock's resilience and ability to attract investor interest despite broader market weaknesses.