Why is Indian Renewable falling/rising?

As of 09-Sep, Indian Renewable Energy Development Agency Ltd's stock price is currently at 145.10, reflecting a decrease of 0.45 or 0.31%. Today's performance indicates that the stock has underperformed its sector by 0.86%. While the stock is higher than its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 0.73%, but it has significantly underperformed over the year with a decline of 35.01%. Despite this, the company has demonstrated strong long-term fundamentals, with a return on equity of 15.59% and a healthy growth rate in net sales and operating profit. However, recent quarterly results have been disappointing, with a significant drop in profit after tax and earnings per share, contributing to the stock's negative performance.
In the broader market context, the stock's short-term return of 0.73% over the past week is lower than the benchmark Sensex, which has increased by 1.18%. This underperformance is indicative of the stock's struggles in both the near and long term, as it has generated a return of -35.01% over the past year compared to a slight decline of 0.56% for the Sensex. Additionally, while there has been an increase in institutional investor participation, which could provide some support, the overall sentiment remains cautious due to the company's flat quarterly results and its historical underperformance relative to broader market indices.