Why is Reliance Industr falling/rising?

As of 08-Jul, Reliance Industries Ltd is currently priced at 1,538.80, reflecting a decrease of 2.4 points or 0.16%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. It is trading 4.56% away from its 52-week high of Rs 1,608.95. Over the past week, the stock has shown a return of +0.69%, and over the past month, it has increased by +6.60%. Despite a year-over-year decline of -3.89%, the company has demonstrated a strong ability to service its debt with a low Debt to EBITDA ratio of 1.01 times and has healthy long-term growth prospects with net sales growing at an annual rate of 10.11%. The stock is trading at a discount compared to its peers, and high institutional holdings at 38.62% suggest confidence from more resourceful investors.
In the broader market context, the Sensex has shown a minimal return of +0.02% over the past week, indicating that the stock's short-term performance is outperforming the benchmark. The stock's liquidity is also favorable, with a delivery volume increase of 7.24% against the five-day average, suggesting rising investor participation. However, the stock's performance over the past year has been lackluster, with profits remaining stagnant, which may contribute to the recent price decline. Overall, while the stock has positive long-term fundamentals, the recent price drop reflects a short-term correction after a period of gains.