Why is Reliance Power falling/rising?

As of 20-Aug, Reliance Power Ltd's stock price is rising, currently at Rs 47.70, reflecting an increase of 2.27 (5.0%). The stock has shown a strong performance today, outperforming its sector by 4.53% and achieving a consecutive gain over the last two days with a total return of 10.24%. It opened with a gain of 2.8% and reached an intraday high of Rs 47.70. Over the past week, the stock has increased by 12.24%, although it has seen a decline of 25.56% over the past month. Positive factors contributing to this rise include a significant growth in profit after tax (PAT) of 220.7% compared to the previous four-quarter average, and a high return on capital employed (ROCE) of 5.95%. However, concerns about long-term fundamentals persist, particularly a negative CAGR growth in operating profits over the last five years and a high debt to EBITDA ratio.
Broader market context shows that while Reliance Power has outperformed the benchmark Sensex in the short term, with a 12.24% increase compared to the Sensex's 1.64% over the past week, it has underperformed in the longer term, with a 25.56% decline over the past month against the Sensex's slight increase of 0.12%. The stock's liquidity remains adequate for trading, but a decline in investor participation, as indicated by a drop in delivery volume, suggests some caution among investors. Despite the recent positive performance, the low stake held by domestic mutual funds may indicate a lack of confidence in the stock's valuation or business prospects.