Why is Suzlon Energy falling/rising?

As of 16-Sep, Suzlon Energy Ltd's stock price is currently at 58.99, reflecting an increase of 0.92 (1.58%). The stock has been gaining momentum, having outperformed its sector by 0.57% today and achieving a consecutive gain over the last three days with a total return of 3.58%. In terms of performance against benchmarks, the stock has shown a 3.35% increase over the past week, although it has underperformed over the last month and year-to-date with declines of 1.78% and 5.21%, respectively. Positive factors contributing to the stock's recent rise include healthy long-term growth, as evidenced by a 35.24% annual increase in net sales and a 28.25% rise in operating profit. However, concerns about valuation persist, with a high price-to-book ratio and a significant decline in promoter confidence, as they have reduced their stake by 1.51%.
Broader market context indicates that while the stock has shown some short-term resilience, it has significantly underperformed the broader market over the past year, with a decline of 30.35% compared to the BSE500's negative return of only 2.93%. Despite this, the stock's recent upward movement may be buoyed by rising investor participation and liquidity, suggesting a potential shift in sentiment. However, the overall negative sentiment from the past year and the reduction in promoter stakes may continue to weigh on investor confidence moving forward.