Why is Reliance Power falling/rising?

As of 25-Jul, Reliance Power Ltd's stock price is currently at Rs 56.72, reflecting a decline of 2.98 points or 4.99%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.74% during this period. It opened with a loss of 4.99% today and reached an intraday low of Rs 56.72. Over the past week, the stock has decreased by 11.49%, while its performance over the last month shows a decline of 14.95%. Despite a strong year-to-date return of 33.27% and an impressive annual return of 91.17%, the stock's long-term fundamentals are concerning, particularly with a -10.04% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 9.63 times. This has contributed to a negative sentiment among investors, despite positive quarterly results and high cash reserves.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.36% over the past week and 1.56% over the past month. The power generation sector, in which Reliance Power operates, has also seen a downturn, falling by 2.38%. While there has been a rise in investor participation, indicated by a 61.93% increase in delivery volume, the overall market sentiment remains cautious due to the company's weak long-term fundamentals and low domestic mutual fund holdings, suggesting a lack of confidence in the stock's valuation.