Why is Indian Renewable falling/rising?

As of 08-Aug, Indian Renewable Energy Development Agency Ltd's stock price is currently at Rs 142.30, reflecting a decrease of Rs 2.25, or 1.56%. The stock has underperformed its sector today by 0.85% and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 2.37%, and it has experienced a significant drop of 42.59% over the past year, contrasting sharply with the Sensex, which has gained 1.23% in the same period. Despite a strong long-term fundamental strength, with a 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 a flat quarterly result, with a substantial decline in profit after tax.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-month decline of 14.53% compared to the Sensex's 4.60% drop. While there is increasing participation from institutional investors, who have raised their stake by 2.73%, the overall sentiment remains cautious due to the stock's recent underperformance and disappointing quarterly results. The stock is also nearing its 52-week low, which may further dampen investor confidence.