Why is Suzlon Energy falling/rising?

As of 26-Aug, Suzlon Energy Ltd is experiencing a decline in its stock price, currently at 56.94, which reflects a decrease of 0.51 or 0.89%. The stock has been losing value for the last two days, with a total drop of 2.68% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 21.42% compared to the 5-day average. Over the past year, the stock has underperformed the market, showing a return of -25.54% against the benchmark's negative return of -1.12%. While the company has reported healthy long-term growth and positive results in recent quarters, concerns about its high valuation and decreasing promoter confidence, as evidenced by a 1.51% reduction in their stake, are contributing to the stock's downward movement.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.45% compared to the Sensex's -1.05%. This underperformance highlights the stock's struggles relative to the overall market, which has seen less severe declines. Despite the company's strong sales growth and profitability, the high price-to-book ratio and the significant drop in promoter confidence suggest that investors are wary of its future prospects. The combination of these factors is leading to a lack of investor interest and contributing to the stock's current decline.