Why is Reliance Power falling/rising?

As of 19-Sep, Reliance Power Ltd's stock price is currently at 47.99, reflecting an increase of 0.52, or 1.1%. The stock has shown a strong performance over the past week, gaining 4.76%, and has outperformed the benchmark Sensex, which rose by only 0.88%. However, today's performance indicates that the stock underperformed its sector by 1.38%. While the stock is trading above its 5-day, 20-day, and 200-day moving averages, it is below its 50-day and 100-day moving averages. Positive factors contributing to the stock's rise include a significant increase in profits over the past year, with a 38.62% return, and strong cash reserves. Conversely, concerns about long-term fundamental strength, including a high Debt to EBITDA ratio and low return on equity, may temper investor enthusiasm.
In the broader market context, Reliance Power's year-to-date return of 12.76% significantly exceeds the Sensex's 5.74% gain, indicating robust performance relative to the market. Despite this, the stock's recent underperformance against its sector suggests some caution among investors. The overall market has faced challenges, with the BSE500 experiencing negative returns of -1.96% over the last year, highlighting the resilience of Reliance Power in a difficult environment. However, the decline in delivery volume and low domestic mutual fund participation may indicate a lack of confidence among institutional investors, which could impact future price movements.