Why is Waaree Energies falling/rising?

As of 03-Sep, Waaree Energies Ltd's stock price is currently at 3,223.70, reflecting an increase of 25.35, or 0.79%. Today's price summary indicates that the stock has outperformed its sector by 1.17% and has experienced a trend reversal, gaining after three consecutive days of decline. Despite a recent drop in investor participation, with delivery volume falling by 80.82% against the 5-day average, the stock remains above its 20, 50, 100, and 200-day moving averages. The company has demonstrated strong long-term fundamentals, including a robust average return on equity of 23.17% and significant growth in net sales and operating profit. Additionally, institutional investors have increased their stake, which may contribute to positive sentiment around the stock.
In the broader market context, Waaree Energies has shown a 1-week return of -1.10%, underperforming the Sensex, which declined by only 0.27%. However, over the past month, the stock has outperformed the benchmark with a return of +3.85% compared to the Sensex's negligible change. This performance, coupled with the company's strong fundamentals and increasing institutional interest, suggests that while there are short-term fluctuations, the overall outlook remains positive, supporting the stock's recent rise.