Why is Reliance Power falling/rising?

As of 26-Aug, Reliance Power Ltd is experiencing a decline in its stock price, currently at Rs 44.75, which reflects a decrease of Rs 1.74 or 3.74%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 10.64% during this period. Today, it opened with a significant loss of 4.99% and reached an intraday low of Rs 44.17. Despite touching a high of Rs 47.5 earlier in the day, the overall performance indicates weakness, as the stock is trading below its moving averages across various timeframes. However, there has been a notable increase in investor participation, with delivery volume rising by 13.4% compared to the five-day average, which may suggest some underlying interest despite the price drop.
In the broader market context, Reliance Power's short-term performance has been notably worse than the benchmark, with a one-week return of -1.50% compared to the Sensex's -1.05%. Over the past month, the stock has declined by 21.10%, while the benchmark has only decreased by 0.83%. Despite these recent struggles, the company has shown strong financial results in the past six months, including a significant increase in profits and cash reserves, which may provide a foundation for future recovery. The stock's historical performance remains impressive, with a 36.72% return over the past year, significantly outperforming the broader market's negative returns. However, the current market sentiment appears to be weighing heavily on the stock, contributing to its recent decline.