Why is Reliance Power falling/rising?

As of 25-Aug, Reliance Power Ltd's stock price is currently at Rs 46.49, reflecting a decrease of 2.44 (-4.99%). The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 7.17%. It opened the day with a loss of 4.99% and reached an intraday low of Rs 46.49. Despite a strong performance over the past year with a return of 34.95%, the stock has seen a significant decline of 18.04% over the past month. Positive factors include a higher profit after tax of Rs 170.25 crore and a record cash position, but these are overshadowed by weak long-term fundamentals, including a -10.04% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 9.63 times, which indicates challenges in servicing debt.
In the broader market context, the stock has outperformed the benchmark Sensex over the long term, with a 208.08% return over the past three years compared to the benchmark's 38.90%. However, in the short term, Reliance Power's recent performance has lagged behind the Sensex, which has only increased by 0.45% over the past week. The stock's recent decline, coupled with low domestic mutual fund holdings at 0.94%, suggests a lack of confidence among institutional investors, further contributing to the downward pressure on the stock price.