Why is Suzlon Energy falling/rising?

As of 18-Sep, Suzlon Energy Ltd's stock price is currently at 59.07, reflecting a decrease of 0.21, or 0.35%. The stock has experienced a trend reversal, falling after four consecutive days of gains. Despite this recent decline, the stock has shown a positive performance over the past week, with a return of 3.72%, although it has underperformed over the past year with a return of -26.93%. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 35.24% and operating profit at 28.25%. However, concerns arise from a high price-to-book value of 13.1, indicating an expensive valuation, and a decrease in promoter confidence, as they have reduced their stake by 1.51% in the last quarter.
Broader market context indicates that while the stock has performed well in the short term compared to the benchmark Sensex, which returned 1.80% over the past week, it has significantly underperformed over the past year, where the Sensex showed a minimal return of 0.08%. This underperformance is compounded by the fact that the stock's recent decline comes despite rising investor participation, as evidenced by a 32.59% increase in delivery volume. Overall, while there are positive indicators regarding the company's financial health, the combination of high valuation concerns, reduced promoter confidence, and significant underperformance relative to the broader market contributes to the stock's current downward movement.