Why is Reliance Power falling/rising?

As of 08-Aug, Reliance Power Ltd is experiencing a decline in its stock price, currently at Rs 43.11, which represents a decrease of 2.15 or 4.75%. The stock has underperformed its sector by 4.31% today and has been on a downward trend, losing 9.39% over the last two days. It opened with a loss of 2.23% and reached an intraday low of Rs 43, indicating significant selling pressure. Despite this, the stock has shown positive performance over the past year with a return of 39.97%, and its profits have increased by 99.7%. The company reported strong quarterly results, with a PAT growth of 220.7% and the highest cash and cash equivalents at Rs 973.37 crore, suggesting a solid financial position. However, the stock is currently trading below all key moving averages, which may contribute to negative sentiment among investors.
In the broader market context, Reliance Power's short-term performance has been notably weaker than the benchmark, with a 1-week return of -14.14% compared to the Sensex's -0.92%. This stark contrast highlights the stock's struggles relative to the overall market. While the company has shown consistent returns over the last three years and is trading at a discount compared to its peers, the recent price movements and underperformance in the short term may be causing concern among investors, leading to the current decline in stock price.