Why is Reliance Industr falling/rising?

As of 29-Aug, Reliance Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,357.05, which reflects a decrease of Rs 30.6 or 2.21%. The stock has underperformed its sector by 0.6% today and has touched an intraday low of Rs 1,350.3. Over the past week, the stock has decreased by 3.71%, and over the past month, it has fallen by 4.29%. Despite these short-term declines, the company has shown strong fundamentals, including a low Debt to EBITDA ratio of 1.01 times and a healthy annual growth rate in net sales of 13.11%. The stock is trading at a discount compared to its peers, and its profits have increased by 18.6% over the past year, although the stock itself has generated a return of -10.75% during that period.
In the broader market context, Reliance Industries has underperformed the Sensex, which has declined by 1.84% over the past week and 1.88% over the past month. The company's high institutional holdings at 39.11% indicate strong confidence from larger investors, which can provide stability. However, the overall market sentiment appears to be affecting the stock negatively, as evidenced by its recent price movements. Despite the company's solid fundamentals and growth potential, the stock's performance relative to the benchmark suggests that broader market conditions may be contributing to its current decline.