Why is Reliance Power falling/rising?

As of 07-Aug, Reliance Power Ltd's stock price is currently at 45.26, reflecting a decrease of 2.32, or 4.88%. Today's price summary indicates that the stock opened with a loss of 3.3% and reached an intraday low of Rs 45.21, underperforming its sector by 5.14%. Over the past week, the stock has seen a significant decline of 14.36%, and over the last month, it has dropped by 30.68%. Despite these short-term challenges, the company has shown strong performance in the past year, with a return of 41.97% and a notable profit increase of 99.7%. Positive factors include a substantial growth in profit after tax and high cash reserves, which suggest a solid financial position, yet the stock's current trading below all major moving averages indicates bearish sentiment.
In the broader market context, Reliance Power's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.69% over the past week and 3.38% over the past month. This underperformance highlights the stock's volatility compared to the market. While the stock has generated positive returns year-to-date and over the last three years, the recent sharp declines suggest that investor sentiment may be influenced by short-term market pressures rather than long-term fundamentals. The rising investor participation, indicated by a significant increase in delivery volume, may provide some support, but the overall trend remains negative in the short term.