Why is Reliance Power falling/rising?

As of 13-Jun, Reliance Power Ltd is experiencing a decline in its stock price, currently at 67.07, which reflects a decrease of 2.7 or 3.87%. The stock has underperformed its sector by 3% today and has been on a downward trend for the last two days, accumulating a total loss of 5.88%. It opened with a significant gap down of 4.36% and reached an intraday low of Rs 66.7. Despite this recent decline, the stock has shown strong performance over longer periods, with a 54.11% increase over the past month and a remarkable 115.59% rise over the last year. However, there has been a notable drop in investor participation, with delivery volume falling by 27.19% compared to the five-day average, which may be contributing to the current price movement.
In the broader market context, while Reliance Power has outperformed the benchmark Sensex in the short term with an 8.83% increase over the past week compared to the Sensex's decline of 1.30%, the recent price drop indicates a shift in investor sentiment. The stock's strong historical performance, including a 420.73% increase over the last three years, suggests that it has been a solid investment; however, the current liquidity and falling delivery volumes may be causing concern among investors. The positive financial results reported in March, including the highest return on capital employed and cash equivalents, provide a strong foundation, but the recent underperformance and declining participation could be overshadowing these strengths in the short term.