Why is Reliance Infra. falling/rising?

As of 23-Sep, Reliance Infrastructure Ltd is experiencing a decline in its stock price, currently at 265.35, down by 4.8 points or 1.78%. Today's price summary indicates that the stock underperformed its sector by 1.08%, with an intraday low of Rs 263.5, reflecting a decrease of 2.46%. Although the stock has shown a positive return of 2.06% over the past week, it has significantly underperformed over the last month and year, with returns of -8.34% and -19.53%, respectively. Positive factors include a substantial increase in profits and a low debt-equity ratio, which suggest strong financial health, while rising promoter confidence, with a 2.55% increase in stake, indicates optimism about the company's future. However, the stock's long-term fundamentals are weak, highlighted by a high Debt to EBITDA ratio and a low average Return on Capital Employed, which may contribute to the recent price decline.
Broader market context shows that while the stock has outperformed the Sensex over the past week, it has lagged behind in the longer term, with a year-to-date return of -12.71% compared to the Sensex's positive return of 5.07%. This underperformance is notable given that the broader market has also faced challenges, with the BSE500 index showing a decline of -4.69% over the past year. The combination of weak long-term fundamentals and recent price movements suggests that investor sentiment may be cautious, despite some positive indicators regarding the company's financial performance and promoter confidence.