Why is Suzlon Energy falling/rising?

As of 11-Sep, Suzlon Energy Ltd's stock is currently priced at 56.95, reflecting a decline of 0.61, or 1.06%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 16.81% against the 5-day average, the stock has underperformed significantly over the past year, with a return of -30.51%, compared to the Sensex's slight gain of 0.03%. While the company has reported healthy long-term growth with a 35.24% annual increase in net sales and positive results for the last three consecutive quarters, concerns about its high valuation and decreasing promoter confidence are weighing on its stock price.
In the broader market context, the stock's performance has been notably poor relative to the benchmark, with a year-to-date return of -8.48% against the Sensex's gain of 4.36%. The company's high price-to-book ratio and the recent reduction in promoter stake, which signals a lack of confidence in future growth, further contribute to the negative sentiment surrounding the stock. Although the company has shown strong profit growth, the significant decline in stock price over the past year suggests that investor sentiment remains cautious, leading to its current downward movement.