Why is Va Tech Wabag falling/rising?

As of 26-Sep, Va Tech Wabag Ltd is experiencing a decline in its stock price, currently at 1,450.40, reflecting a decrease of 18.25 or 1.24%. The stock has underperformed its sector by 1.11% today and has been on a consecutive downward trend for the past five days, resulting in a total decline of 7.55% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite positive financial results, including a 23.75% growth in PAT and a 21.11% increase in net sales over the last six months, the stock's performance has been hindered by falling investor participation, as evidenced by a 5.55% drop in delivery volume compared to the 5-day average.
In the broader market context, Va Tech Wabag's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 2.66% over the past week. While the company has a low debt-to-equity ratio and high institutional holdings, which suggest a stable financial position, the stock's year-to-date performance shows a decline of 11.83%, contrasting with the Sensex's gain of 2.93%. This disparity highlights the challenges the company faces in maintaining investor confidence, despite its strong fundamentals and growth in profits.