Why is Religare Enterp. falling/rising?

As of 05-September, Religare Enterprises Ltd is currently priced at 253.20, reflecting a decrease of 7.8 points or 2.99%. The stock has underperformed its sector by 3.48% today and has experienced a trend reversal, falling after four consecutive days of gains. It touched an intraday low of Rs 252.05, indicating a decline of 3.43%. Despite this drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 84.31% against the 5-day average. However, the stock's year-to-date performance shows a decline of 7.88%, and it has underperformed the benchmark Sensex over the past year, which has decreased by only 1.81%.
In the broader market context, Religare Enterprises Ltd's short-term return of +7.29% over the past week significantly outpaces the Sensex's return of +1.13%, indicating a strong relative performance in that timeframe. However, the stock's year-to-date decline contrasts with the Sensex's positive return of 3.29%, highlighting a challenging environment for the company despite its strong long-term fundamentals, which include a robust 34.87% CAGR growth in operating profits. The majority of shareholders being non-institutional may also contribute to the stock's volatility, as retail investors often react more sensitively to market movements.