Why is Reliance Power falling/rising?

As of 21-Aug, Reliance Power Ltd's stock price is rising, currently at Rs 50.08, reflecting an increase of Rs 2.38 or 4.99%. The stock has shown strong performance recently, gaining 15.74% over the past week and outperforming its sector by 5.57% today. It has been on a consecutive gain streak for the last three days, and today's trading opened with a notable gain of 4.99%. Despite this positive momentum, the stock's delivery volume has decreased significantly by 54.9% compared to the 5-day average, indicating a potential concern regarding investor participation. The company's recent financial results have also contributed positively, with a substantial growth in profit after tax and a high return on capital employed, suggesting improved operational efficiency.
In the broader market context, Reliance Power's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 1.74% over the same week. While the stock has generated a remarkable return of 38.46% over the past year and has outperformed the BSE500 in various time frames, it faces challenges such as a weak long-term fundamental strength indicated by a negative CAGR growth in operating profits over the last five years. Additionally, the high debt-to-EBITDA ratio raises concerns about the company's ability to service its debt, which may deter some investors. Despite these issues, the stock's current valuation appears attractive compared to its peers, which may be driving the recent upward movement.