Why is Religare Enterp. falling/rising?

As of 08-Sep, Religare Enterprises Ltd is experiencing a decline in its stock price, currently at 250.00, which reflects a decrease of 3.2 or 1.26%. The stock has underperformed its sector by 1.58% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.21% during this period. Additionally, the stock's performance over the past month shows a decrease of 1.83%, while its year-to-date return is down by 9.04%. Despite having strong long-term fundamentals, with a 34.87% CAGR growth in operating profits, the recent price movement indicates a lack of investor confidence, as evidenced by a significant drop in delivery volume by 36.5% against the 5-day average.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 3.35% over the past week while the Sensex has only increased by 0.53%. However, the stock's year-to-date performance is notably weaker than the benchmark, which has risen by 3.39%. This discrepancy highlights the challenges faced by Religare Enterprises Ltd in maintaining investor interest despite its strong fundamentals, as the broader market shows more resilience. The liquidity of the stock remains adequate for trading, but the falling investor participation suggests a cautious sentiment among traders.