Why is Waa Solar falling/rising?

As of 22-Sep, Waa Solar Ltd's stock price is currently at 70.99, reflecting an increase of 1.08, or 1.54%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it underperformed its sector by 2.51% today. In terms of returns, the stock has increased by 3.68% over the past week and 4.40% over the past month, but it has significantly underperformed year-to-date and over the past year, with declines of 40.24% and 53.02%, respectively. The stock is trading above its 5-day, 20-day, and 50-day moving averages but below its 100-day and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 30.77% against the 5-day average, indicating a potential lack of confidence among investors.
Broader market context shows that while Waa Solar's stock has gained in the short term, it has still underperformed compared to the Sensex, which has risen by 0.46% over the past week. The power generation and distribution sector has seen a positive movement, gaining 4.05%, which may have contributed to the stock's recent uptick. However, the broader market sentiment appears to be mixed, as the stock has significantly lagged behind the benchmark in longer-term performance metrics. Overall, while there are some positive indicators in the short term, the stock's long-term performance and declining investor participation suggest caution.