Why is Reliance Infra. falling/rising?

As of 22-Sep, Reliance Infrastructure Ltd's stock price is currently at 270.15, reflecting an increase of 10.9 or 4.2%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 272.2, which is a 5% increase. Despite this positive movement today, the stock has underperformed over the past month with a return of -6.68% compared to the Sensex's +1.05%. Positive factors contributing to the stock's rise include strong financial results with a higher profit after tax and a low debt-equity ratio, alongside increased promoter confidence as they have raised their stake in the company by 2.55%. However, the stock's long-term fundamentals remain weak, evidenced by a high debt-to-EBITDA ratio and a lower average return on capital employed.
Broader market context indicates that while Reliance Infrastructure has gained 9.09% over the past week, it has significantly lagged behind the benchmark in the longer term, with a year-to-date return of -11.13% compared to the Sensex's +5.15%. The power generation and distribution sector, in which the company operates, has seen a gain of 4.05%, suggesting a favorable environment for the sector. However, the stock's liquidity has decreased, with a notable drop in delivery volume, indicating falling investor participation. Overall, while there are short-term positive movements, the stock's long-term performance and market context suggest caution.