Why is Waa Solar falling/rising?

As of 17-Sep, Waa Solar Ltd's stock price is currently at Rs 71.40, reflecting an increase of Rs 2.4 or 3.48%. The stock has shown a positive trend recently, gaining 5.95% over the last three days and outperforming its sector by 3.89% today. It opened with a significant gain of 4.19% and reached an intraday high of Rs 71.89. In terms of returns, the stock has performed well in the short term, with a 6.65% increase over the past week and a 6.81% increase over the past month. However, it has faced challenges year-to-date, with a decline of 39.90% and a substantial drop of 55.07% over the past year. The stock's liquidity appears adequate, with a delivery volume increase of 19.57% against the five-day average, indicating rising investor participation.
Broader market context shows that while Waa Solar has outperformed the Sensex in the short term, the benchmark index has still shown positive returns of 1.56% over the past week and 2.60% over the past month. This suggests that while Waa Solar is experiencing a rebound, it is essential to consider its significant underperformance year-to-date and over the past year compared to the broader market. The stock's long-term performance remains a concern, with a decline of 39.90% year-to-date, contrasting sharply with the Sensex's positive return of 5.83% in the same period.