Why is Religare Enterp. falling/rising?

As of 17-Jul, Religare Enterprises Ltd is experiencing a price increase, currently at Rs 270.50, reflecting a change of 1.65 (0.61%) upward. The stock has shown strong performance recently, gaining 2.21% over the last three days and outperforming its sector by 0.94% today. It has also demonstrated impressive returns over the past week and month, with increases of 8.20% and 17.61%, respectively. The company's strong fundamentals are underscored by a significant growth in operating profits, with a 94.85% compound annual growth rate (CAGR), and a notable increase in promoter confidence as they raised their stake by 25.67%.
In the broader market context, while Religare Enterprises has outperformed the Sensex over the past week and month, the benchmark has shown a decline of 1.12% and a modest increase of 0.83% respectively. This indicates that the stock's recent rise is occurring in a challenging market environment. Despite a year-to-date decline of 1.58% compared to the Sensex's gain of 5.27%, the stock's consistent returns over the last three years, along with the recent positive financial results, suggest a resilient performance relative to the broader market. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 52.42% against the five-day average, which could impact future price movements.