Why is Reliance Power falling/rising?

As of 29-Jul, Reliance Power Ltd's stock price is currently at Rs 56.23, reflecting an increase of Rs 2.34 or 4.34%. Today's price summary indicates that the stock has gained after three consecutive days of decline, despite opening down by 2.95%. It reached an intraday high of Rs 56.56, showcasing a volatility of 5.44% throughout the day. Over the past week, the stock has underperformed with a decline of 8.38%, but it has shown strong performance year-to-date with a return of 32.12%. Positive factors contributing to this rise include a significant growth in profit after tax of 220.7% compared to the previous four-quarter average and a high return on capital employed of 5.95%. However, the stock also faces challenges such as a weak long-term fundamental strength indicated by a -10.04% CAGR growth in operating profits over the last five years and a high debt-to-EBITDA ratio of 9.63 times. In the broader market context, Reliance Power's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 1.03% over the same week. Despite this, the stock has outperformed the sector by 3.36% today, suggesting some investor confidence amidst its volatility. The stock's strong year-to-date performance of 32.12% and a remarkable 79.82% return over the past year indicate a positive trend, even as domestic mutual funds hold a minimal stake, reflecting potential concerns about the company's long-term viability. Overall, while there are positive indicators driving the stock's rise, underlying weaknesses in its financial fundamentals may temper investor enthusiasm.