Why is Reliance Power falling/rising?

As of 02-Sep, Reliance Power Ltd's stock price is currently at Rs 46.22, reflecting an increase of Rs 2.2 or 5.0%. The stock has shown a positive performance today, outperforming its sector by 3.59% and achieving a consecutive gain over the last two days with a total return of 5.19%. Despite a decline of 7.95% over the past month, the stock has performed well on a year-to-date basis with an increase of 8.60% and an impressive 53.55% return over the past year. Positive factors contributing to this rise include a higher profit after tax of Rs 170.25 crore and a significant increase in cash and cash equivalents, which may enhance investor confidence. However, the stock faces challenges with weak long-term fundamentals, including a negative CAGR growth in operating profits and a high debt-to-EBITDA ratio, which could temper enthusiasm.
Broader market context indicates that while the stock has outperformed the benchmark Sensex in the short term, with a 1-week return of +3.28% compared to the Sensex's -0.78%, it has lagged behind in the longer term, with a -7.95% return over the past month versus the Sensex's -0.55%. The broader market has seen negative returns, with the BSE500 down by -4.82% over the past year, yet Reliance Power's strong performance of 53.55% in the same period highlights its resilience. Despite this, the low participation from domestic mutual funds, holding only 0.94% of the company, suggests a cautious sentiment among institutional investors, which could impact future price movements.