Why is Waaree Energies falling/rising?

As of 04-Aug, Waaree Energies Ltd's stock price is currently at 3,088.85, reflecting a decrease of 15.15 points or 0.49%. The stock has shown a mixed performance recently, with a slight decline of 0.71% over the past week, while it has increased by 3.74% over the past month. Today's price summary indicates that the stock is performing in line with its sector, although it is currently lower than the 5-day and 20-day moving averages, despite being above the 50-day, 100-day, and 200-day moving averages. Additionally, there has been a decline in investor participation, with delivery volume falling by 3.8% against the 5-day average. The company has strong long-term fundamentals, evidenced by a healthy return on equity of 23.17% and significant growth in net sales and operating profit, but it also faces challenges with a high valuation indicated by a price-to-book ratio of 9.4.
In the broader market context, Waaree Energies' recent performance contrasts with the benchmark Sensex, which has gained 0.16% over the past week. While the stock has shown positive long-term growth with an 8.20% increase year-to-date, the short-term decline may be influenced by the recent drop in investor participation and the stock's expensive valuation despite strong profit growth. Institutional investors have increased their stake, indicating confidence in the company's fundamentals, but the overall market sentiment and recent price movements suggest caution among retail investors.