Why is Suzlon Energy falling/rising?

As of 18-Aug, Suzlon Energy Ltd is experiencing a decline in its stock price, currently at 58.01, which reflects a decrease of 2.05 or 3.41%. The stock has been underperforming, having lost 8.41% over the past week and 10.85% over the past month. Today's trading saw the stock open with a gain of 2.38%, reaching an intraday high of Rs 61.59, but it ultimately fell to a low of Rs 56.63, indicating high volatility with an intraday fluctuation of 5.34%. Additionally, the stock has been trading below all major moving averages, and there has been a notable decrease in investor participation, with delivery volume dropping by 34.74% against the five-day average. While the company has shown healthy long-term growth in net sales and operating profit, the recent decline can be attributed to a combination of high valuation concerns, reduced promoter confidence, and significant underperformance relative to the market.
Broader market context indicates that while the Sensex has gained 0.83% over the past week, Suzlon Energy's stock has fallen by 8.41%, highlighting a stark contrast in performance. The renewable energy sector itself has also seen a decline of 2.2%, contributing to the stock's challenges. Over the past year, Suzlon's return of -27.42% significantly underperformed the broader market, which experienced a lesser decline of -1.14%. This underperformance, coupled with the recent reduction in promoter stake, suggests a lack of confidence in the company's future prospects, further exacerbating the stock's downward trend.