Why is Religare Enterp. falling/rising?

As of 24-Jul, Religare Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 278.20, which reflects a decrease of Rs 12.6 or 4.33%. Today's performance indicates that the stock has underperformed its sector by 3.59% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 276.2, marking a decline of 5.02%. Despite this drop, the stock has shown strong performance over the past month with a return of 24.73%, and it has consistently outperformed the benchmark Sensex over various periods, including a 112.61% increase over the last three years. Positive factors contributing to the stock's long-term strength include a remarkable 94.85% CAGR growth in operating profits and a significant increase in promoter confidence, with promoters raising their stake by 25.67%.
In the broader market context, while Religare Enterprises Ltd has shown strong returns over the past year and beyond, its recent short-term performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.09% over the past week. This suggests that while the company has strong fundamentals and growth potential, the current market sentiment may be affecting its stock price negatively in the short term. The falling investor participation, indicated by a decrease in delivery volume, could also be contributing to the stock's recent decline, despite its overall positive long-term outlook.