Why is Surana Solar falling/rising?

As of 01-Aug, Surana Solar Ltd is experiencing a decline in its stock price, currently at 31.90, which reflects a decrease of 0.36 or 1.12%. The stock has underperformed its sector by 6.1% today and has been on a downward trend, losing 2.71% over the last two days. Additionally, it is trading below its moving averages across various time frames, indicating weak momentum. Over the past week, the stock has dropped by 4.06%, and it has shown a significant year-to-date decline of 31.03%. The company's financial health is concerning, with operating losses and a weak ability to service its debt, as evidenced by a negative EBIT to interest ratio of -0.96 and a low return on equity of 1.21%. These factors contribute to the stock's recent poor performance.
In the broader market context, the renewable energy sector has gained by 5.07%, contrasting sharply with Surana Solar's struggles. The stock's performance has been notably below that of the benchmark, with a year-to-date return of -31.03% compared to the Sensex's gain of 3.15%. The stock has also underperformed the BSE500 over various time frames, including the last three years and one year. The declining investor participation, as indicated by a 45.26% drop in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors. Overall, the combination of poor financial results, negative market sentiment, and underperformance relative to both the sector and broader market indices are driving the stock's decline.