Why is Reliance Power falling/rising?

As of 28-Jul, Reliance Power Ltd's stock price is currently at Rs 53.89, reflecting a decline of 2.83 points or 4.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 14.24% during this period. Today, it opened with a loss of 3.03% and reached an intraday low of Rs 53.89. Despite a strong year-to-date performance of 26.62% and an impressive 80.90% return over the past year, the stock has struggled recently, with a 21.90% decline over the past month. Positive factors include significant growth in profit after tax and cash reserves, but these are overshadowed by weak long-term fundamentals, including a high debt-to-EBITDA ratio and low return on equity, which may deter investor confidence.
In the broader market context, Reliance Power's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.59% over the past week. The stock's short-term underperformance of 15.01% in the last week highlights its volatility compared to the market. Additionally, the stock's liquidity appears adequate, with rising investor participation noted, but the low stake held by domestic mutual funds suggests a lack of confidence in the stock's valuation. Overall, while the company has shown strong historical returns, the current negative sentiment and fundamental weaknesses are contributing to the stock's decline.