Why is Reliance Power falling/rising?

As of 31-Jul, Reliance Power Ltd's stock price is currently at 52.85, reflecting a decrease of 0.57, or 1.07%. The stock has been on a downward trend, losing value for the last two days and experiencing a total decline of 6.01% during this period. Additionally, the stock's performance over the past week shows a significant drop of 11.47%, while it has also fallen 24.11% over the past month. Despite these short-term declines, the stock has shown strong performance year-to-date with a gain of 24.18% and an impressive 60.83% increase over the past year. However, the recent drop in delivery volume by 38.57% against the 5-day average indicates falling investor participation, which may contribute to the stock's current price movement. While the company reported positive quarterly results with a 220.7% growth in PAT and a high return on capital employed, concerns about long-term fundamental strength, including a negative CAGR growth in operating profits and a high debt-to-EBITDA ratio, may be weighing on investor sentiment.
In the broader market context, Reliance Power's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.22% over the past week. This underperformance relative to the benchmark may signal investor caution, particularly given the stock's significant drop compared to the Sensex's more modest decline. Furthermore, the stock's liquidity remains adequate for trading, but the low participation from domestic mutual funds, holding only 0.94% of the company, suggests a lack of confidence among institutional investors. Overall, while the stock has demonstrated strong historical returns, the combination of recent price declines, weak long-term fundamentals, and reduced investor interest may be contributing to its current downward trajectory.