Why is Religare Enterp. falling/rising?

As of 04-Sep, Religare Enterprises Ltd is experiencing a price increase, currently at Rs 261.00, which reflects a rise of Rs 8.05 or 3.18%. The stock has shown strong performance recently, gaining 10.59% over the last four days and outperforming its sector by 2.77% today. It opened with a gain of 2.37% and reached an intraday high of Rs 267.75, indicating positive momentum. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Despite a year-to-date decline of 5.04%, the long-term fundamentals remain strong, with operating profits growing at a compound annual growth rate (CAGR) of 34.87%.
In the broader market context, Religare's short-term return of 10.41% over the past week significantly outperforms the Sensex, which has only increased by 0.80% during the same period. This indicates that investor sentiment towards Religare is more favorable compared to the overall market. The rising investor participation, evidenced by a 28.41% increase in delivery volume, further supports the stock's upward movement. While the stock has seen a decline of 7.12% over the past year, the strong long-term growth prospects and recent positive performance suggest that investors are optimistic about its future potential.