Why is Reliance Power falling/rising?

As of 10-Sep, Reliance Power Ltd's stock price is currently at 46.75, reflecting a slight increase of 0.11, or 0.24%. The stock has shown a positive trend recently, gaining 1.45% over the last two days, and is performing inline with its sector. It has outperformed the benchmark indices over the past month and year, with returns of 8.44% and 55.68%, respectively. Positive financial results, including a higher profit after tax and significant cash reserves, contribute to the stock's favorable performance. However, concerns about long-term fundamental strength, such as a declining CAGR in operating profits and a high debt-to-EBITDA ratio, may temper investor enthusiasm.
Broader market context indicates that while Reliance Power has generated substantial returns, the overall market, represented by the BSE500, has experienced negative returns of -2.89% over the past year. This stark contrast highlights the stock's resilience and ability to attract investor interest despite broader market challenges. The rising investor participation, evidenced by a significant increase in delivery volume, suggests growing confidence in the stock, which may be bolstered by its fair valuation compared to peers.