Why is Religare Enterp. falling/rising?

As of 10-Jul, Religare Enterprises Ltd's stock price is rising, currently at 250.00, reflecting an increase of 14.85 (6.32%). The stock has shown strong performance today, outperforming its sector by 6.19% and has been on a consecutive gain for the last three days, accumulating a total return of 14.16% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The significant rise in delivery volume, which increased by 1340.07% against the 5-day average, further highlights rising investor participation. The company has demonstrated strong long-term fundamental strength, with a remarkable 94.85% CAGR growth in operating profits, and recent positive financial results, including a 293.6% growth in PAT and record net sales, have bolstered investor confidence.
In the broader market context, Religare Enterprises Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +12.46% compared to the benchmark's slight decline of -0.06%. This indicates that the stock is gaining traction relative to the overall market. Furthermore, the company's promoters have increased their stake by 25.67%, signaling strong confidence in the company's future prospects. Overall, the combination of positive financial results, increased promoter confidence, and strong recent performance relative to the market has contributed to the stock's upward movement.