Why is Waaree Energies falling/rising?

As of 02-Sep, Waaree Energies Ltd is experiencing a decline in its stock price, currently at Rs 3,198.35, reflecting a decrease of -2.8 or -0.09%. The stock has underperformed its sector by -0.93% today and has been on a downward trend for the last three days, resulting in a total decline of -6.42% during this period. Although the stock touched an intraday high of Rs 3,270, it remains lower than its 5-day moving averages while being higher than the 20, 50, 100, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by -56.53% compared to the 5-day average. Despite the company's strong fundamentals, including a robust return on equity and consistent growth in net sales and profits, the stock's recent performance indicates a struggle in the short term.
In the broader market context, Waaree Energies' short-term return of -1.88% over the past week contrasts with the Sensex, which has declined by only -0.78%. This underperformance may be attributed to the recent consecutive falls and reduced trading volumes, suggesting a lack of confidence among investors despite positive long-term fundamentals and increasing institutional interest. The company has shown strong growth metrics and a solid market position, but the current market sentiment appears to be weighing heavily on its stock price, leading to its recent decline.