Why is Indian Renewable falling/rising?

As of 26-Aug, Indian Renewable Energy Development Agency Ltd's stock price is currently at 144.15, reflecting a decrease of 3.6, or 2.44%. The stock has underperformed significantly, with a 1-week return of -3.16% and a 1-month return of -5.94%. Today's performance indicates that the stock is trading close to its 52-week low, just 4.96% above it, and has fallen after two consecutive days of gains. Additionally, it is trading below all key moving averages, which suggests a bearish trend. Despite a strong long-term fundamental strength indicated by a 15.59% average Return on Equity and a healthy growth rate in net sales and operating profit, the stock's recent performance has been hampered by a flat quarterly result, with a significant drop in profit after tax and earnings per share.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with a year-to-date return of -33.00% against the Sensex's gain of 3.39%. This underperformance is further highlighted by the stock's returns over the past year, which show a decline of -43.15%, while the broader market has only seen a slight decrease of -1.12%. Although there is increasing participation from institutional investors, who have raised their stake by 2.73%, the overall sentiment remains negative due to the company's recent financial results and its inability to keep pace with market benchmarks.