Why is Waa Solar falling/rising?

As of 10-Sep, Waa Solar Ltd's stock price is currently at 66.95, reflecting an increase of 1.0, or 1.52%. The stock opened with a significant gain of 5.06% today and reached an intraday high of Rs 69.29. However, despite this positive movement, the stock has shown a decline of 1.90% over the past month and a substantial drop of 43.64% year-to-date. The recent performance indicates that while the stock has outperformed its sector by 1.12% today, there is a concerning trend of falling investor participation, with delivery volume decreasing by 41.18% against the 5-day average. Additionally, the stock is trading above its 5-day and 20-day moving averages but below its longer-term moving averages, suggesting mixed signals regarding its price momentum.
In the broader market context, Waa Solar's short-term performance over the past week matches the Sensex, both showing a return of +1.06%. However, the stock's longer-term performance is significantly lagging behind the benchmark, with a year-to-date decline of 43.64% compared to the Sensex's gain of 4.21%. This stark contrast highlights the challenges faced by Waa Solar in maintaining investor confidence and suggests that while there may be short-term gains, the overall trend remains negative in the longer term. The absence of specific positive or negative dashboard data limits further insights into the factors influencing the stock's recent movements.