Why is Religare Enterp. falling/rising?

As of 24-Sep, Religare Enterprises Ltd is currently priced at 255.90, reflecting a decline of 7.6 points or 2.88%. The stock has underperformed its sector by 2.79% today, with an intraday low of Rs 254.6, marking a decrease of 3.38%. Despite a strong long-term fundamental strength indicated by a 34.87% CAGR growth in operating profits, the stock has shown a year-to-date decline of 6.89% and a one-year decline of 7.63%. However, there has been a notable increase in investor participation, with delivery volume rising by 306.63% against the five-day average, suggesting some interest despite the current price drop.
In the broader market context, Religare's short-term performance over the past week shows a gain of 0.61%, while the benchmark Sensex has declined by 1.18%. This indicates that the stock has been relatively resilient compared to the broader market in the short term. However, the stock's long-term performance remains strong, with a three-year return of 59.74% compared to the Sensex's 40.65%. The liquidity of the stock is also adequate, allowing for trades of significant size, which may provide some support despite the recent price decline.