Why is Religare Enterp. falling/rising?

As of 11-Sep, Religare Enterprises Ltd is experiencing a decline in its stock price, currently at 253.50, which reflects a decrease of 2.8 or 1.09%. The stock has underperformed its sector by 0.98% today and has fallen after two consecutive days of gains. In terms of returns, the stock has shown a negative performance over various periods, including a 1-week decline of 2.87% and a year-to-date drop of 7.77%. Despite these short-term challenges, the company has strong long-term fundamentals, with operating profits growing at a compound annual growth rate (CAGR) of 34.87%. Additionally, the stock's delivery volume has increased significantly, indicating rising investor participation.
In the broader market context, the Sensex has shown positive movement, gaining 1.03% over the past week and 4.36% year-to-date, contrasting with Religare's negative returns. This disparity highlights the stock's underperformance relative to the benchmark. While the stock remains liquid enough for trading, its recent price movements suggest that investors may be cautious, especially given the recent trend reversal and the fact that it is currently below its 5-day moving averages. Overall, the combination of short-term declines and contrasting market performance may be contributing to the stock's current downward trajectory.