Why is Reliance Power falling/rising?

As of 22-Aug, Reliance Power Ltd's stock price is currently at Rs 48.93, reflecting a decrease of Rs 1.15 or 2.3%. The stock has underperformed its sector by 1.71% today and has experienced a trend reversal after five consecutive days of gains, touching an intraday low of Rs 48.21. Despite a strong long-term performance, with a 34.94% return over the past year and significant gains over three years, the stock has seen a decline of 20.27% over the last month. Positive factors include a reduction in raw material costs and a strong cash position, but these are overshadowed by concerns over weak long-term fundamental strength, including a negative CAGR growth in operating profits and a high debt-to-EBITDA ratio.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only declined by 1.07% over the past month. While Reliance Power has shown impressive long-term returns, the recent short-term underperformance indicates a lack of investor confidence, as evidenced by low domestic mutual fund holdings. This suggests that despite the company's historical performance and positive cash flow, investors may be wary of its ability to sustain growth given its high debt levels and low return on equity.