Why is Religare Enterp. falling/rising?

As of 18-Jul, Religare Enterprises Ltd is currently priced at 268.30, reflecting a decrease of 2.2, or 0.81%. The stock has underperformed its sector by 0.52% today and has experienced a trend reversal after three consecutive days of gains, touching an intraday low of Rs 264.6. Despite this recent decline, the stock has shown strong performance over the past month with an increase of 18.45%, although it has a year-to-date decline of 2.38%. The company's long-term fundamentals remain strong, highlighted by a significant 94.85% compound annual growth rate (CAGR) in operating profits and a notable increase in promoter confidence, with a 25.67% stake increase, indicating optimism about the company's future.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, with a 1-week return of -0.79% compared to the Sensex's -0.90%. However, the stock's year-to-date performance is lagging behind the benchmark's 4.63% gain. The recent drop in delivery volume by 75.47% against the 5-day average suggests a decline in investor participation, which may be contributing to the stock's current downward movement. Despite these challenges, the company has consistently generated returns over the past three years, outperforming the BSE500, which may provide some reassurance to investors looking for long-term growth.