Why is Waa Solar falling/rising?

As of 11-Jun, Waa Solar Ltd is experiencing a decline in its stock price, currently at 78.40, which reflects a decrease of 1.59 or 1.99%. The stock has been underperforming, having lost 5.86% over the last three days, and it has consistently fallen for three consecutive days. Additionally, the stock's performance today has underperformed its sector by 1.2%. In terms of returns, Waa Solar has seen a significant drop of 34.01% year-to-date and a staggering 58.00% decline over the past year, despite a strong performance over the longer term, with a 727.44% increase over the last five years. The stock's delivery volume has also decreased significantly, falling by 59.68% compared to the five-day average, indicating a drop in investor participation.
In the broader market context, Waa Solar's recent performance contrasts sharply with the Sensex, which has gained 1.87% over the past week and 5.60% year-to-date. While Waa Solar's one-month return is positive at 12.74%, it still lags behind the Sensex's 3.85% increase. The stock's current price is higher than its 50-day moving average but lower than its 5-day, 20-day, 100-day, and 200-day moving averages, suggesting a mixed technical outlook. Overall, the combination of declining investor interest, recent consecutive losses, and underperformance relative to the benchmark contributes to the stock's downward movement.