Why is Reliance Industr falling/rising?

As of 04-Sep, Reliance Industries Ltd is experiencing a decline in its stock price, currently at 1,359.20, which represents a decrease of 12.35 or 0.9%. Today's price summary indicates that the stock's performance is in line with the sector, but it has fallen after two consecutive days of gains. The stock is trading higher than its 200-day moving averages but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 41.29% against the 5-day average. Over the past week, the stock has decreased by 2.05%, while its performance over the past month shows a decline of 3.69%. Despite a year-to-date increase of 11.83%, the stock has underperformed compared to the benchmark Sensex, which has risen by 0.80% in the same period.
In the broader market context, Reliance Industries Ltd's recent performance contrasts with the benchmark, as it has faced a decline while the Sensex has shown positive movement. The company's strong fundamentals, such as a low Debt to EBITDA ratio of 1.01 times and healthy long-term growth in net sales at an annual rate of 13.11%, suggest a solid financial position. However, the stock's return over the past year has been negative at -10.28%, despite an 18.6% rise in profits, indicating a potential disconnect between market perception and underlying performance. High institutional holdings at 39.11% may provide some stability, but the recent drop in delivery volume and the stock's underperformance relative to the benchmark may be contributing to the current downward trend.