Why is Waaree Energies falling/rising?

As of 04-Sep, Waaree Energies Ltd is experiencing a decline in its stock price, currently at 3,200.90, reflecting a decrease of 22.8 points or 0.71%. The stock's performance today is in line with its sector, although it is currently trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, but lower than its 5-day moving average. Notably, there has been a significant drop in investor participation, with delivery volume falling by 87.36% compared to the 5-day average. In terms of returns, the stock has seen a decline of 6.34% over the past week, while it has performed positively over the past month with a gain of 3.63% and a year-to-date increase of 12.13%. The company has strong long-term fundamentals, including a high average return on equity and consistent growth in net sales and operating profit, which could support its valuation despite the current price drop.
In the broader market context, the Sensex has increased by 0.80% over the past week, contrasting with Waaree Energies' decline, indicating that the stock is underperforming relative to the benchmark. While the company has seen increased participation from institutional investors, which suggests a positive outlook, the stock's high valuation and recent drop in trading volume may be causing concern among retail investors. Additionally, despite the company's strong fundamentals and positive quarterly results, the stock's performance over the past year has been flat, which may be contributing to the current downward movement in price.