Why is ACME Solar Hold. falling/rising?

As of 24-Sep, ACME Solar Holdings Ltd is experiencing a decline in its stock price, currently at Rs 284.35, down by Rs 3.25 or 1.13%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 4.58% during this period. Despite touching an intraday high of Rs 295 earlier in the day, the stock's performance has been underwhelming, with a one-week return of -7.38%. However, it has shown strong long-term growth, with a year-to-date increase of 20.69%. The company has reported positive financial results in the last two quarters, with significant growth in operating profit and net sales, which may provide some support for the stock despite its recent price drop.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.18% over the past week. The renewable energy sector, in which ACME operates, has also faced challenges, falling by 2.19%. Despite these headwinds, there has been an increase in institutional investor participation, with a 0.53% rise in their stake, indicating confidence in the company's fundamentals. This growing interest from institutional investors may help stabilize the stock in the long run, even as it currently faces short-term pressures.