Why is Religare Enterp. falling/rising?

As of 30-Jul, Religare Enterprises Ltd is experiencing a decline in its stock price, currently at 263.50, which reflects a decrease of 2.5 or 0.94%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 9.39% over that period. Additionally, the stock's delivery volume has decreased significantly, down by 63.97% compared to the five-day average, indicating a drop in investor participation. Despite strong long-term fundamentals, including a remarkable 94.85% CAGR growth in operating profits, the recent performance has not translated into positive short-term returns, as evidenced by its underperformance against the sector today.
In the broader market context, Religare's short-term performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.50% over the same week. While the stock has shown healthy long-term growth, outperforming the BSE500 over the last three years, the current trend suggests that investors may be reacting to recent price movements rather than the company's strong fundamentals. The stock's year-to-date performance is also negative at -4.13%, further highlighting the challenges it faces in the current market environment.