Why is Reliance Power falling/rising?

As of 15-Sep, Reliance Power Ltd is currently priced at 45.62, reflecting a decline of 0.19, or 0.41%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 2.42%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a positive year-to-date return of 7.19% and a significant annual return of 52.93%, the stock has underperformed the sector today by 0.64%. While the company reported strong quarterly results with a 220.7% growth in PAT and high cash reserves, it faces challenges such as weak long-term fundamental strength and a high Debt to EBITDA ratio, which may contribute to investor caution.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.24% over the past week. Although Reliance Power has outperformed the market significantly over the past year, the recent short-term decline suggests a divergence from this trend. The stock's liquidity remains adequate, with a notable increase in delivery volume, indicating some investor interest despite the recent price drop. However, the low stake held by domestic mutual funds may reflect a lack of confidence in the stock's current valuation or business outlook, further influencing its recent price movement.