Why is Waa Solar falling/rising?

As of 23-Jul, Waa Solar Ltd's stock price is currently at Rs 72.93, reflecting a decrease of Rs 1.75, or 2.34%. The stock has underperformed its sector by 2.72% today, having touched an intraday low of Rs 72, which represents a decline of 3.59%. Additionally, Waa Solar is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume falling by 57.83% compared to the 5-day average. Over the past week, the stock has declined by 2.17%, and it has experienced a substantial year-to-date decline of 38.61%, reflecting ongoing negative sentiment.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with Waa Solar's decline. While the benchmark has gained 5.87% year-to-date, Waa Solar's performance has been significantly worse, highlighting a stark divergence in performance. The stock's long-term returns remain positive, with a 3-year increase of 82.55% and a remarkable 694.88% rise over 5 years, but the recent trends indicate a troubling short-term outlook compared to the overall market.