Why is Religare Enterp. falling/rising?

As of 25-Jul, Religare Enterprises Ltd is currently priced at 274.90, reflecting a decrease of 3.3 or 1.19%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 5.47% during this period. Despite this recent downturn, the stock has shown strong performance over the past week and month, with returns of 2.46% and 23.27%, respectively. The company has demonstrated robust long-term fundamental strength, evidenced by a significant growth in operating profits and a notable increase in promoter confidence, as they have raised their stake in the company by 25.67%. These factors contribute to a generally positive outlook, despite the recent price drop.
In the broader market context, the finance/NBFC sector has seen a decline of 2.13%, which may be influencing the stock's performance. While Religare Enterprises has outperformed the sector today by 0.93%, its recent price movement contrasts with its strong historical returns, having consistently outperformed the BSE500 over the last three years. The stock's short-term performance, particularly its recent consecutive falls, stands in contrast to its overall positive trajectory in the longer term, where it has generated 7.53% returns over the past year. This juxtaposition highlights the volatility in the stock's price amidst a generally favorable long-term outlook.