Why is Religare Enterp. falling/rising?

As of 07-Jul, Religare Enterprises Ltd is currently priced at 219.00, reflecting a decrease of 2.9, or 1.31%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.88% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 1.24%, while it has experienced a significant drop of 20.32% year-to-date, contrasting sharply with the Sensex's gain of 6.79%. Despite the recent downturn, the company has demonstrated strong long-term fundamental strength, with a remarkable 94.85% compound annual growth rate (CAGR) in operating profits and a substantial increase in profits over the past year, which may provide some support for the stock in the long run.
In the broader market context, Religare Enterprises Ltd's recent performance has been notably weaker compared to the Sensex, which has only declined by 0.20% over the past week. The falling investor participation, evidenced by a 46.89% drop in delivery volume, further exacerbates the stock's decline, as it indicates reduced interest from investors. However, the rising confidence among promoters, who have increased their stake by 25.67%, suggests a belief in the company's future potential, which could eventually stabilize or reverse the stock's downward trend. Overall, while the stock is currently facing challenges, its strong fundamentals and promoter confidence may provide a foundation for recovery in the future.