Why is Waaree Renewab. falling/rising?

As of 18-Jul, Waaree Renewable Technologies Ltd is experiencing a rise in its stock price, currently at Rs 1,186.25, reflecting an increase of 1.85 (0.16%). The stock has shown strong performance recently, outperforming its sector by 0.56% today and reaching an intraday high of Rs 1,239.5, which is a 4.65% increase. Over the past week, the stock has surged by 20.41%, while it has also demonstrated impressive long-term growth with a staggering 1866.59% increase over the last three years. The company has consistently reported positive results, with net sales and operating profit growing at annual rates of 209.13% and 214.21%, respectively, and has declared positive results for the last 16 consecutive quarters, contributing to a strong investor sentiment.
In the broader market context, while the Sensex has declined by 0.90% over the past week, Waaree Renewable Technologies Ltd's significant short-term return highlights its resilience and attractiveness to investors. The stock's liquidity is also favorable, with a delivery volume increase of 77.43% against the five-day average, indicating rising investor participation. This combination of strong financial performance, positive market sentiment, and outperformance relative to the benchmark has contributed to the stock's upward movement.