Why is Indian Renewable falling/rising?

As of 30-Jul, Indian Renewable Energy Development Agency Ltd's stock price is currently at 150.20, reflecting a decrease of 0.3, or 0.2%. The stock has underperformed its sector today, with a performance drop of 0.3%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 4.27%, and it has experienced a significant drop of 30.19% year-to-date. Despite a strong long-term fundamental strength, with an average Return on Equity (ROE) of 15.59% and healthy growth in net sales and operating profit, the stock's recent performance has been negatively impacted by flat quarterly results, including a 41.9% fall in PAT compared to the previous four-quarter average.
In the broader market context, the stock's short-term return of -4.27% over the past week contrasts with the benchmark Sensex, which has only declined by 1.50%. This underperformance is further highlighted by the stock's year-to-date decline of 30.19% compared to the Sensex's gain of 4.28%. Although there has been increasing participation from institutional investors, who have raised their stake by 2.73%, the stock's valuation remains expensive with a Price to Book Value of 4.1. The overall sentiment is dampened by the stock's poor returns over the past year, which stands at -43.06%, indicating a lack of confidence among investors despite some positive long-term fundamentals.