Why is Reliance Power falling/rising?

As of 13-Aug, Reliance Power Ltd is experiencing a decline in its stock price, currently at Rs 42.50, which reflects a decrease of 1.39 (-3.17%). The stock has underperformed its sector by 3.22% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 41.7, indicating a significant drop of 4.99%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Despite a strong performance over the past year with a return of 39.89% and impressive growth in profits, recent trading volumes have fallen sharply, with delivery volume decreasing by 67.72% against the 5-day average, indicating reduced investor participation.
In the broader market context, Reliance Power's short-term performance has been notably poor, with a 1-week return of -10.68%, while the Sensex has remained relatively flat with a change of -0.01%. This stark contrast highlights the stock's struggles compared to the benchmark. Although the company has reported positive financial results, including a substantial increase in profit after tax and strong cash reserves, these factors have not been sufficient to counteract the recent downward pressure on the stock price. The attractive valuation relative to peers and consistent returns over the last three years may provide some support, but the current market sentiment appears to be weighing heavily on Reliance Power's stock performance.