Why is Indowind Energy falling/rising?

As of 24-Sep, Indowind Energy Ltd's stock price is currently at 16.73, reflecting a decrease of 0.24 or 1.41%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 2.05% during this period. It is trading below all key moving averages, indicating weak momentum. Despite a recent positive quarterly performance with net sales growing by 57.01% and a significant increase in profit before tax, the company faces long-term challenges such as a low return on capital employed and a high debt-to-EBITDA ratio, which contribute to its weak fundamental strength. Additionally, the stock's performance over the past year has been poor, with a return of -31.15%, and it has underperformed against the broader market benchmarks.
In the broader market context, Indowind Energy's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.79% compared to the Sensex's -1.18%. The power generation and distribution sector has also seen a decline of 2.2%, reflecting broader industry challenges. Furthermore, investor participation has decreased significantly, with delivery volume dropping by 47.78% against the 5-day average, indicating a lack of confidence among investors. Overall, the combination of weak stock performance, declining investor interest, and unfavorable market conditions contributes to the stock's current downward trajectory.