Why is Reliance Power falling/rising?

As of 28-Oct, Reliance Power Ltd is experiencing a decline in its stock price, currently at 43.68, which reflects a decrease of 0.94 or 2.11%. The stock has underperformed its sector by 1.32% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.36%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While the company reported positive results in June, including a higher PAT and strong cash reserves, it also faces significant challenges such as a weak long-term fundamental strength, evidenced by a -10.04% CAGR growth in operating profits over the past five years and a high Debt to EBITDA ratio of 9.63 times, which raises concerns about its ability to service debt.
In the broader market context, Reliance Power's short-term performance has been notably weaker than the benchmark, with a 1-week return of -1.60% compared to the Sensex's gain of 0.24%. Over the past month, the stock has declined by 2.41%, while the Sensex has increased by 5.22%. This underperformance may reflect investor sentiment, as domestic mutual funds hold only a small stake in the company, indicating a lack of confidence in its current valuation or business prospects. Despite a year-to-date return of 2.63%, the overall market context suggests that Reliance Power is struggling to maintain investor interest amidst its operational challenges.