Why is Religare Enterp. falling/rising?

As of 06-Aug, Religare Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 248.35, which reflects a decrease of Rs 4.85 or 1.92%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.83% during this period. Additionally, the stock's performance today has underperformed its sector by 1.66%. The stock touched an intraday low of Rs 243.45, and there has been a notable decrease in investor participation, with delivery volume falling by 24.58% against the 5-day average. In terms of returns, the stock has seen a 5.75% decline over the past week, while it has increased by 11.92% over the past month.
In the broader market context, the Sensex has decreased by only 1.15% over the past week, indicating that Religare's decline is more pronounced than the overall market. Year-to-date, the stock is down 9.64%, contrasting with the Sensex's gain of 3.08%. While the stock has shown strong performance over longer periods, such as a 91.41% increase over the past three years, its recent trends suggest a struggle to maintain momentum in the short term. The combination of falling investor participation and underperformance relative to both the sector and the benchmark indicates that the stock is facing challenges that are contributing to its current downward movement.