Why is Inox Wind falling/rising?

As of 24-Sep, Inox Wind Ltd's stock price is currently at Rs 144.40, reflecting a decrease of Rs 5.3 or 3.54%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.25% during this period. Additionally, it is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has declined by 3.96%, while its year-to-date performance shows a significant drop of 20.22%. Despite these short-term challenges, the company has reported strong long-term growth metrics, including a 44.36% annual increase in net sales and a remarkable 134.05% growth in net profit over the latest six months, which could support a more favorable outlook in the future.
In the broader market context, Inox Wind's recent performance contrasts with the benchmark Sensex, which has only declined by 1.18% over the past week. The renewable energy sector, where Inox Wind operates, has also faced a downturn, falling by 2.19%. However, the stock has seen a rise in investor participation, with delivery volumes increasing significantly, suggesting that some investors may still see potential in the stock despite its recent price decline. The high institutional holdings at 22.89% indicate that more informed investors are backing the company, which may provide some stability amidst the current volatility.