Why is Reliance Power falling/rising?

As of 05-Aug, Reliance Power Ltd's stock price is currently at 45.32, reflecting a decline of 2.38, or 4.99%. The stock has been on a downward trend, having underperformed its sector by 4.81% today and experiencing a consecutive fall for the last five days, resulting in a significant 19.4% drop over that period. The stock opened lower today, touching an intraday low of Rs 45.32, and has been trading at this price without any range. Additionally, it is trading below all key moving averages, indicating a bearish sentiment. Despite positive results in June, including a substantial growth in PAT and high cash reserves, the stock's long-term fundamentals are weak, highlighted by a negative CAGR in operating profits and a high debt-to-EBITDA ratio, which may contribute to investor concerns.
In the broader market context, Reliance Power's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.77% over the past week. While the stock has generated a return of 37.96% over the last year, its recent performance has been overshadowed by a significant drop in investor participation, with delivery volume falling by nearly 85% compared to the five-day average. This lack of confidence from investors, particularly domestic mutual funds holding a minimal stake, suggests apprehension regarding the stock's valuation and future growth potential, further exacerbating its current decline.