Why is Waa Solar falling/rising?

As of 17-Nov, Waa Solar Ltd is experiencing a decline in its stock price, currently at Rs 56.90, which reflects a decrease of Rs 2.1 or 3.56%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 8.45% during this period. Additionally, Waa Solar is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 50.94% on November 14, the overall performance today underperformed the sector by 3.9%. The stock has also shown significant underperformance over the past year, with a year-to-date decline of 52.10%, contrasting sharply with the Sensex's gain of 8.72%.
In the broader market context, Waa Solar's short-term performance has been notably poor compared to the benchmark, as it has declined by 8.30% over the past week while the Sensex has increased by 1.69%. This stark contrast highlights the stock's struggles in the current market environment. The lack of available positive or negative factors further complicates the outlook, as there are no additional insights to gauge investor sentiment or potential catalysts for recovery. Overall, the combination of recent price declines, poor relative performance against the benchmark, and the absence of supportive factors suggests a challenging situation for Waa Solar Ltd.