Why is Waaree Energies falling/rising?

As of 01-Sep, Waaree Energies Ltd is experiencing a decline in its stock price, currently at Rs 3,201.15, reflecting a decrease of Rs 201.75 or 5.93%. The stock has underperformed its sector by 8.03% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 6.34%. Despite a positive performance over the past week and month, with returns of 1.59% and 3.13% respectively, the stock's current volatility is high, with an intraday fluctuation of 5.01%. The stock remains above its longer-term moving averages but is below its 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 74.61% compared to the 5-day average. In the broader market context, while Waaree Energies has shown positive returns year-to-date at 12.13%, the benchmark Sensex has only increased by 2.85% during the same period. This indicates that the stock has been performing relatively well over the longer term, but recent negative sentiment and high volatility have overshadowed this performance. The company's strong fundamentals, including a healthy growth rate in net sales and profit, as well as increased institutional investor participation, suggest potential for recovery. However, the stock's high valuation and recent underperformance may be contributing to the current decline, as investors weigh these factors against the backdrop of market conditions.