Why is Religare Enterp. falling/rising?

As of 12-Sep, Religare Enterprises Ltd is experiencing a slight decline in its stock price, currently at 253.25, reflecting a decrease of 0.25 or 0.1%. The stock has underperformed its sector by 1.3% today and has been on a downward trend for the last two days, accumulating a total decline of 1.19% during this period. Despite showing strong long-term fundamental strength with a compound annual growth rate (CAGR) of 34.87% in operating profits, the stock has faced challenges, evidenced by its year-to-date decline of 7.86% and a one-year drop of 11.76%. However, it is noteworthy that the stock has higher prices than its 20-day, 100-day, and 200-day moving averages, indicating some resilience in the longer term. Additionally, there has been a rise in investor participation, with delivery volume increasing by 44.08% against the five-day average.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has gained 1.48% over the past week and 2.08% over the past month, while Religare's returns for the same periods are only 0.02% and 1.04%, respectively. This underperformance relative to the benchmark may contribute to investor sentiment affecting the stock's price negatively. Despite the liquidity being sufficient for trading, the overall market conditions and the stock's recent performance suggest a cautious outlook among investors, leading to its current decline.