Why is Indian Renewable falling/rising?

As of 07-Aug, Indian Renewable Energy Development Agency Ltd's stock price is currently at 144.55, reflecting a slight increase of 0.15 (0.1%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent increase in delivery volume by 34.19% compared to the 5-day average, the stock has experienced significant declines over the past month and year, with returns of -13.52% and -41.73%, respectively. The company's strong long-term fundamentals, including a 15.59% average Return on Equity (ROE) and healthy growth in net sales and operating profit, contrast with its recent performance, which has been hindered by flat quarterly results and a notable drop in profit after tax.
In the broader market context, the stock's short-term performance has underperformed relative to the Sensex, which has declined by only 0.69% over the past week. While institutional investors have increased their stake in the company, indicating a potential for future growth, the stock's long-term performance remains concerning, with significant underperformance compared to the BSE500 over various time frames. This combination of rising investor participation and strong fundamentals may provide some support for the stock, but the recent negative trends and poor quarterly results suggest caution among investors.