Why is Reliance Power falling/rising?

As of 04-Aug, Reliance Power Ltd's stock price is currently at Rs 47.70, reflecting a decline of 2.39 points or 4.77%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 15.17% during this period. Today, it opened with a loss of 4.77% and has not fluctuated from this price. In terms of performance against benchmarks, the stock has seen a significant decline of 27.85% over the past month, while the Sensex has only decreased by 2.89%. Despite positive quarterly results showing a 220.7% growth in PAT and a strong cash position, 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, which indicates weak financial health.
In the broader market context, Reliance Power's recent performance contrasts sharply with the Sensex, which has remained relatively stable with a slight increase of 0.16% over the past week. The stock's significant underperformance against the benchmark highlights investor concerns, particularly given that domestic mutual funds hold only a small stake in the company, suggesting a lack of confidence in its valuation or business prospects. While the stock has shown strong returns over the longer term, including a 37.98% increase over the past year, the current negative sentiment and declining short-term performance indicate that investors are reacting to the company's weak long-term fundamentals and high debt levels.