Why is Religare Enterp. falling/rising?

As of 23-Sep, Religare Enterprises Ltd's stock price is rising, currently at 263.50, reflecting an increase of 14.45 or 5.8%. The stock has shown a positive trend today, gaining after four consecutive days of decline, and it outperformed its sector by 5.47%. It reached an intraday high of Rs 264.95, and trading volumes have increased, with delivery volume rising by 14.1% compared to the five-day average. Additionally, the stock is trading above its moving averages across various time frames, indicating a bullish sentiment. The company has demonstrated strong long-term fundamental strength, with operating profits growing at a compound annual growth rate (CAGR) of 34.87%, which supports its recent price movement.
In the broader market context, Religare Enterprises Ltd has outperformed the benchmark Sensex over the past week, with a return of +2.43% compared to the benchmark's -0.34%. However, the stock has underperformed on a year-to-date basis, with a decline of -4.13% against the Sensex's gain of +5.07%. Despite this, the recent positive momentum and strong fundamentals may indicate a potential turnaround for the stock, as it continues to attract investor interest amidst a generally challenging market environment.