Why is Inox Wind falling/rising?

As of 29-Aug, Inox Wind Ltd's stock price is currently at Rs 138.45, reflecting an increase of Rs 1.65 or 1.21%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and it outperformed its sector by 0.75% today. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -3.99% and a 1-month return of -11.53%. The company's strong fundamentals are highlighted by significant growth in net sales and operating profit, alongside impressive net profit growth of 134.05% in the latest quarter. However, the high Debt to EBITDA ratio of 4.46 times raises concerns about its ability to service debt, which could weigh on investor sentiment.
Broader market context indicates that while Inox Wind has experienced a notable decline of -37.05% over the past year, the broader market, represented by the Sensex, has only fallen by -1.84% in the same timeframe. This stark contrast suggests that the stock has significantly underperformed relative to the market. Despite the recent uptick in price, the overall trend remains concerning, particularly given the company's low return on equity and high valuation metrics compared to peers. The liquidity of the stock appears adequate, with a delivery volume increase of 22.58% against the 5-day average, which may indicate rising investor interest despite the underlying challenges.