Why is Religare Enterp. falling/rising?

As of 22-Jul, Religare Enterprises Ltd is experiencing a price increase, currently at Rs 286.20, which reflects a rise of Rs 13.7 or 5.03%. The stock has shown strong performance today, outperforming its sector by 5.24% and has been on a consecutive gain streak for the last two days, accumulating a total return of 6.67% during this period. Additionally, the stock has consistently outperformed the benchmark Sensex over various time frames, including a notable 26.92% increase over the past month and a remarkable 118.72% rise over the last three years. The company's strong long-term fundamentals, highlighted by a 94.85% compound annual growth rate (CAGR) in operating profits and a significant increase in promoter stake, further bolster investor confidence.
In the broader market context, while the Sensex has seen a slight decline of 0.47% over the past week, Religare Enterprises Ltd has managed to achieve a 6.71% increase in the same timeframe, indicating a strong relative performance against the benchmark. This divergence suggests that investor sentiment towards Religare is positive, driven by its robust financial results and the rising confidence of its promoters. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 36.19% against the five-day average, which could indicate a potential concern for future liquidity. Nonetheless, the stock's overall upward trajectory remains supported by its strong fundamentals and consistent returns.