Why is Religare Enterp. falling/rising?

As of 17-Sep, Religare Enterprises Ltd is experiencing a decline in its stock price, currently at 254.35, which reflects a decrease of 2.9 or 1.13%. The stock has underperformed its sector by 1.07% today, and its delivery volume has fallen by 9.13% against the 5-day average, indicating a decrease in investor participation. Although the stock is trading higher than its 5-day, 20-day, 100-day, and 200-day moving averages, it remains below the 50-day moving average. Over the past week, the stock has decreased by 0.76%, and it has shown a year-to-date decline of 7.46%, contrasting with the Sensex's gain of 5.83% during the same period. Despite strong long-term fundamentals, including a 34.87% CAGR growth in operating profits, the stock's recent performance has been negatively impacted by these short-term trends.
In the broader market context, Religare's recent performance has been notably weaker compared to the Sensex, which has gained 1.56% over the past week. This underperformance is evident as the stock has not only declined in the short term but also shows a significant year-over-year drop of 11.38%, while the Sensex has remained relatively flat with a decrease of only 0.46%. The majority of shareholders being non-institutional may also contribute to the stock's volatility and lack of support in the current market environment. Overall, the combination of declining investor interest and underperformance against the benchmark suggests a challenging situation for Religare Enterprises Ltd in the short term.