Why is Reliance Power falling/rising?

As of 24-Jul, Reliance Power Ltd's stock price is currently at Rs 59.70, reflecting a decrease of 3.14 (-5.0%). Today's price summary indicates that the stock has underperformed its sector by 3.92%, reaching an intraday low of Rs 59.70. The stock has shown a significant decline of 8.29% over the past week, while it has still managed to generate impressive returns of 111.25% over the last year. Positive factors contributing to its performance include a substantial growth in profit after tax (PAT) of 220.7% in the latest quarter and a high return on capital employed (ROCE) of 5.95%. However, the stock faces challenges due to weak long-term fundamental strength, evidenced by a -10.04% compound annual growth rate (CAGR) in operating profits over the last five years and a high debt-to-EBITDA ratio of 9.63 times, which raises concerns about its ability to service debt.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with the Sensex showing only a minor decline of 0.09% over the past week. Despite the stock's strong year-to-date performance of 40.27% compared to the Sensex's 5.18%, the recent price drop may reflect investor caution, particularly given the low stake held by domestic mutual funds at only 0.94%. This could indicate a lack of confidence in the stock's valuation or business prospects, contributing to the current downward movement in its price.