Why is Suzlon Energy falling/rising?

As of 21-Aug, Suzlon Energy Ltd is experiencing a decline in its stock price, currently at Rs 58.17, which reflects a decrease of Rs 1.68 or 2.81%. The stock has underperformed its sector by 0.52% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 58.04, indicating a significant drop of 3.02%. Over the past week, the stock has decreased by 3.15%, and its performance over the last month shows a decline of 12.41%. Despite healthy long-term growth with net sales increasing at an annual rate of 35.24% and positive results in the last three quarters, the stock's valuation appears expensive with a Price to Book Value of 13, and the reduction in promoter stake by 1.51% suggests a lack of confidence in the company's future.
Broader market context indicates that while the Sensex has gained 1.74% over the past week, Suzlon Energy's performance has been notably weaker, reflecting a broader trend where the stock has underperformed the market significantly over the last year with a return of -26.22% compared to the market's -1.56%. The renewable energy sector itself has seen a decline of 2.21%, contributing to the negative sentiment surrounding Suzlon Energy. Additionally, falling investor participation, as evidenced by a 49.33% drop in delivery volume, further exacerbates the stock's downward pressure, highlighting a challenging environment for the company despite its strong operational metrics.