Why is Suzlon Energy falling/rising?

As of 29-Aug, Suzlon Energy Ltd's stock price is currently at 56.43, reflecting a slight increase of 0.1 (0.18%). Despite this minor uptick, the stock has underperformed its sector by 0.28% today and has been on a downward trend, having fallen for three consecutive days prior to this gain. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, it has declined by 3.55%, and in the last month, it has dropped 8.73%. Although the company has reported healthy long-term growth with net sales increasing at an annual rate of 35.24% and positive results for the last three quarters, concerns about its valuation persist, as it is considered expensive with a Price to Book Value of 12.6. Additionally, a decrease in promoter stake by 1.51% may signal reduced confidence in the company's future.
In the broader market context, while the BSE500 index has experienced a negative return of 5.40% over the past year, Suzlon Energy's stock has significantly underperformed with a return of -26.70%. This stark contrast highlights the challenges the company faces in gaining investor confidence, especially given its recent declines in stock price despite rising profits. The falling investor participation, evidenced by a 10.2% drop in delivery volume, further complicates the stock's outlook. Overall, while there are positive growth indicators, the combination of high valuation concerns, reduced promoter confidence, and underperformance relative to the market suggests a cautious sentiment surrounding Suzlon Energy's stock.