Why is Inox Green falling/rising?

As of 18-Jul, Inox Green Energy Services Ltd is experiencing a price increase, currently at Rs 163.45, reflecting a rise of Rs 5.9 or 3.74%. The stock has shown a positive trend recently, gaining 5.76% over the last two days, although it underperformed its sector by 4.78% today. The stock reached an intraday high of Rs 165.4 but also saw a low of Rs 154, indicating some volatility. Despite trading above its moving averages, the company faces significant challenges, including a weak long-term fundamental strength with a -3.74% CAGR growth in net sales over the last five years and a concerning decline in EPS of -46.9%. Additionally, institutional investor participation has decreased, which may contribute to a lack of confidence in the stock.
In the broader market context, Inox Green's short-term performance has been relatively strong, with a 7.57% increase over the past week, contrasting sharply with the Sensex, which has declined by 0.90% during the same period. However, the company's year-to-date performance remains negative at -7.63%, while the Sensex has gained 4.63%. This divergence suggests that while the stock is currently rising, it is still struggling to maintain a positive trajectory in the long term compared to the overall market. The renewable energy sector has seen a gain of 8.49%, which may provide some support for Inox Green's recent price movement, but the underlying financial weaknesses could hinder sustained growth.