Why is Waa Solar falling/rising?

As of 13-Nov, Waa Solar Ltd's stock is currently priced at Rs 60.10, reflecting a decline of Rs 2.05 or 3.3%. The stock has underperformed its sector by 3.55% today and is close to its 52-week low, just 0.08% away from Rs 60.05. Over the past week, Waa Solar has seen a significant drop of 4.68%, and its year-to-date performance shows a staggering decline of 49.41%. The stock is trading below all its moving averages, indicating a bearish trend. Although there was a rise in delivery volume by 89.19% on November 12, suggesting increased investor participation, the overall sentiment remains negative, as the stock has fallen after two consecutive days of gains.
In the broader market context, Waa Solar's recent performance contrasts sharply with the Sensex, which has gained 1.40% over the past week. The stock's year-to-date decline of 49.41% starkly contrasts with the Sensex's rise of 8.11%, highlighting a significant underperformance relative to the market. This disparity suggests that investor sentiment towards Waa Solar is weak, compounded by its recent price movements and the broader market's positive trajectory. The lack of available positive factors further emphasizes the challenges faced by the company in regaining investor confidence.