Why is Waa Solar falling/rising?

As of 30-Sep, Waa Solar Ltd's stock price is currently at Rs 65.11, reflecting a decrease of Rs 1.86 or 2.78%. The stock has been on a downward trend, having fallen consecutively for the last six days, resulting in a total decline of 7.58% during this period. It opened lower today, down 3.08%, and has traded within a narrow range of Rs 0.22. The stock is also close to its 52-week low, just 4.16% away from Rs 62.4. In terms of performance against benchmarks, Waa Solar has significantly underperformed, with a year-to-date decline of 45.19% compared to a 2.72% increase in the Sensex, and a one-year decline of 53.69% against a 4.78% drop in the benchmark.
In the broader market context, Waa Solar's short-term performance has been notably worse than the Sensex, which has only declined by 2.23% over the past week while Waa Solar has dropped by 5.84%. Despite this, there has been a rise in investor participation, with delivery volume increasing by 61.76% compared to the five-day average, indicating some interest in the stock despite its recent struggles. However, the stock is trading below all key moving averages, suggesting a bearish trend, and the lack of available positive factors further compounds the challenges it faces in the current market environment.