Why is Reliance Industr falling/rising?

As of 09-Jul, Reliance Industries Ltd is experiencing a decline in its stock price, currently at 1,519.05, which reflects a decrease of 19.75 or 1.28%. The stock has been losing value for the last two days, with a total drop of 1.44% during this period. Despite a positive performance over the past month with a return of 4.86%, the stock has underperformed over the last year, showing a decline of 4.47%. The stock's delivery volume has also decreased by 6.88% compared to the 5-day average, indicating falling investor participation. Although the stock is trading above its longer-term moving averages, it is currently below its 5-day moving average, suggesting short-term weakness.
In the broader market context, the stock's recent performance is somewhat aligned with the benchmark, as the Sensex has shown a slight increase of 0.15% over the past week. While Reliance Industries has a strong ability to service debt and a healthy long-term growth outlook, indicated by a low Debt to EBITDA ratio and a consistent annual sales growth rate, the stock's recent price movement reflects investor caution. The high institutional holdings at 38.62% suggest that informed investors are closely monitoring the company's fundamentals, yet the stock's negative return over the past year and stagnant profits may be contributing to the current downward pressure.