Why is Reliance Power falling/rising?

As of 28-Aug, Reliance Power Ltd is currently priced at 45.22, reflecting an increase of 0.47 or 1.05%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite this recent uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, the stock has outperformed its sector by 2.31% today, and there has been a significant increase in investor participation, with delivery volume rising by 143.19% against the 5-day average. Over the past year, the stock has generated a return of 44.57%, while profits have surged by 99.7%, indicating strong underlying performance despite recent volatility.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as it has outperformed the BSE500, which has recorded negative returns of -5.01% over the past year. This suggests that while the market has struggled, Reliance Power has managed to deliver substantial returns, highlighting its resilience. The company's attractive valuation, with a return on capital employed (ROCE) of 5.95% and significant cash reserves, further supports its positive outlook, even as it faces short-term fluctuations.