Why is Reliance Power falling/rising?

As of 12-Aug, Reliance Power Ltd is currently priced at 43.89, reflecting a slight increase of 0.06 (0.14%). The stock has shown a mixed performance recently, having underperformed its sector by 0.27% today, despite gaining for the last two days with a total return of 1.81%. However, it is trading below its moving averages across various time frames, indicating a potential weakness in momentum. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 35.96% against the 5-day average. Despite these challenges, the company has reported strong financial results, including a 220.7% growth in PAT for the last quarter and a high return on capital employed, which suggests an attractive valuation relative to peers.
In the broader market context, Reliance Power's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.16% compared to the Sensex's -0.59%. However, over the longer term, the stock has outperformed the benchmark with a 37.89% return over the past year, significantly higher than the Sensex's 0.74%. This indicates that while the stock is facing short-term pressures, its historical performance and recent positive financial results may provide a foundation for future recovery.