Why is Reliance Power falling/rising?

As of 11-Sep, Reliance Power Ltd's stock price is currently at 46.44, reflecting a decrease of 0.31, or 0.66%. The stock has underperformed its sector today by 1.36% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, the stock has shown strong performance over the past month, with a return of 5.95%, and an impressive 57.05% increase over the past year. Positive factors contributing to its performance include a higher profit after tax of Rs 170.25 crore and a significant rise in cash and cash equivalents, indicating financial stability. However, the stock faces challenges with weak long-term fundamentals, including a negative CAGR growth in operating profits over the last five years and a high debt to EBITDA ratio, which may deter some investors.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.03% over the past week. While Reliance Power has outperformed the market with a 57.05% return over the past year, the overall market has generated negative returns of -2.29% in the same period. This divergence suggests that despite the stock's recent price drop, it has been able to attract investor interest, as indicated by a significant increase in delivery volume. However, the low stake held by domestic mutual funds may reflect caution regarding the stock's valuation and long-term prospects, potentially influencing its current price movement.