Why is ACME Solar Hold. falling/rising?

As of 25-Jul, ACME Solar Holdings Ltd is experiencing a decline in its stock price, currently at Rs 270.25, which reflects a decrease of Rs 9.6 or 3.43%. The stock has underperformed its sector by 1.08% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.54% during this period. Additionally, the stock touched an intraday low of Rs 268.65, indicating a significant decline. While the stock has shown positive performance over the past month with a 9.04% increase, it has underperformed the benchmark Sensex in the short term, which has only declined by 0.36%. Despite the recent downturn, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 91.03%, and institutional investors have raised their stakes, indicating confidence in the company's fundamentals.
In the broader market context, the renewable energy sector, which ACME Solar operates in, has faced a decline of 2.28%, contributing to the stock's recent struggles. The stock's short-term performance has been weaker compared to the benchmark, with a 1-week return of -1.91% against the Sensex's -0.36%. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 39.27% compared to the 5-day average, suggesting reduced trading interest. Despite these challenges, the stock remains liquid enough for trading, and the increasing participation by institutional investors may provide some support for future performance.