Why is Indian Renewable falling/rising?

As of 24-Jul, Indian Renewable Energy Development Agency Ltd's stock price is currently at 156.25, reflecting a decrease of 0.65, or 0.41%. The stock has underperformed significantly over various periods, with a 1-week return of -1.85%, a 1-month return of -5.96%, and a year-to-date decline of 27.38%. Today's performance indicates that the stock has outperformed its sector by 0.33%, but it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decline in investor participation, with a 40.34% drop in delivery volume compared to the 5-day average. While the company demonstrates strong long-term fundamentals, such as a 15.59% average Return on Equity and healthy growth in net sales and operating profit, recent financial results have been disappointing, with significant declines in profit before tax and profit after tax compared to previous quarters.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex showing a slight decline of only 0.09% over the past week. The Indian Renewable Energy Development Agency Ltd has also underperformed the BSE500 over the last year and three years, contributing to its negative sentiment among investors. The stock's valuation appears expensive with a Price to Book Value of 4.3, and despite institutional investors increasing their stake, the overall market perception remains cautious due to the company's flat results and declining profitability metrics.