Why is Religare Enterp. falling/rising?

As of 22-Sep, Religare Enterprises Ltd is experiencing a decline in its stock price, currently at 248.00, which represents a decrease of 2.3 or 0.92%. The stock has underperformed its sector by 1.34% today and has been on a consecutive fall for the last four days, resulting in a total decline of 3.6% during this period. Despite having a strong long-term fundamental strength with a compound annual growth rate (CAGR) of 34.87% in operating profits, the stock's recent performance has been lackluster, reflected in its year-to-date return of -9.77%, which contrasts sharply with the Sensex's gain of 5.15% in the same timeframe. Additionally, while the stock is currently trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages, indicating a short-term weakness.
In the broader market context, Religare's short-term performance has been notably weaker than the benchmark, as evidenced by its 1-week return of -1.49% compared to the Sensex's positive return of +0.46%. This underperformance suggests that investor sentiment may be shifting away from Religare in favor of other opportunities within the market. However, there has been a rise in investor participation, with delivery volume increasing by 3.86% against the 5-day average, indicating some level of interest despite the stock's recent declines. The liquidity of the stock remains adequate for trading, which could provide opportunities for recovery if market conditions improve.