Why is Religare Enterp. falling/rising?

As of 18-Sep, Religare Enterprises Ltd's stock price is currently at 251.35, reflecting a decrease of 3.0, or 1.18%. The stock has underperformed its sector by 1.51% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.29%. In terms of returns, the stock has seen a negative performance over the past week and year-to-date, with declines of 0.85% and 8.55%, respectively. However, it has shown a positive return of 55.92% over the last three years and an impressive 450.60% over the last five years. Despite these long-term gains, the stock's recent movement is affected by falling investor participation, as evidenced by an 8.45% decrease in delivery volume compared to the five-day average.
In the broader market context, the Sensex has performed better than Religare Enterprises Ltd, with a 1.80% increase over the past week and a 6.24% rise year-to-date. This contrast highlights the stock's struggle to keep pace with the benchmark, particularly in the short term. While the company has strong long-term fundamentals, evidenced by a 34.87% compound annual growth rate in operating profits, the current market sentiment appears to be weighing on the stock's performance. The majority of shareholders being non-institutional may also contribute to the stock's volatility, as retail investors can be more reactive to market changes.