Why is Indian Renewable falling/rising?

As of 11-Sep, Indian Renewable Energy Development Agency Ltd's stock is currently priced at 146.60, reflecting a decrease of 1.0, or 0.68%. The stock has shown mixed performance recently, with a 1-week return of +1.77% and a 1-month return of +1.14%, indicating some short-term strength. However, the year-to-date return is significantly negative at -31.86%, and the 1-year return is also down by -35.97%. Today's performance indicates that the stock underperformed its sector by 0.57%. Despite being higher than the 5-day and 20-day moving averages, it remains below the longer-term moving averages. The stock has seen increased investor participation, with a notable rise in delivery volume, suggesting growing interest. However, the company has faced challenges, including a significant drop in PAT and EPS in the latest quarter, which may contribute to negative sentiment.
In the broader market context, the stock's recent short-term performance has outpaced the Sensex, which returned +1.03% over the same week. However, the long-term picture is concerning, as the stock has underperformed the BSE500 over various time frames, including the last three years. While there are positive indicators such as strong long-term fundamentals and increased institutional investor participation, the overall sentiment remains cautious due to the flat results and high valuation metrics. The combination of these factors suggests that while there may be some short-term gains, the stock faces significant headwinds that could impact its price movement negatively in the near future.