Why is Reliance Power falling/rising?

As of 30-Jun, Reliance Power Ltd's stock price is currently at Rs 70.20, reflecting an increase of Rs 1.2 or 1.74%. The stock has demonstrated strong performance recently, gaining 12.23% over the past week and 20.70% over the last month. It has also been on a consecutive gain streak for the last five days, with a notable intraday high of Rs 71.7. The stock is trading above its moving averages across various time frames, indicating positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 64.27% compared to the five-day average. Positive financial results, including the highest return on capital employed and operating profit to interest ratios, along with substantial cash reserves, have contributed to the stock's upward trajectory.
In the broader market context, Reliance Power's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 2.09% over the past week. The stock's year-to-date return of 64.94% and one-year return of 142.65% further highlight its strong performance relative to the market, where the Sensex has only gained 7.00% and 5.79%, respectively, during the same periods. This consistent outperformance over the last three years reinforces investor confidence in Reliance Power, suggesting that the stock's rise is supported by both strong company fundamentals and favorable market conditions.