Why is Waaree Renewab. falling/rising?

As of 25-Jul, Waaree Renewable Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,054.05, which reflects a decrease of Rs 40.1 or 3.66%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 5.79% during this period. Today's performance indicates that the stock has underperformed its sector by 1.35%, with an intraday low of Rs 1,050. Additionally, the stock's performance over the past week shows a significant decline of 11.14%, while it has fared better over the past month with a gain of 5.37%. Despite strong long-term growth indicators, including a robust increase in net sales and profit, the recent price movement suggests that short-term pressures are impacting investor sentiment.
In the broader market context, the Sensex has shown a minor decline of 0.36% over the past week, indicating that the market is relatively stable compared to Waaree's significant drop. The electric equipment sector, in which Waaree operates, has also seen a decrease of 2.27%, contributing to the stock's downward trend. Furthermore, a notable reduction in investor participation, with delivery volume falling by 76.75% against the five-day average, suggests waning interest in the stock. While the company's fundamentals remain strong, as evidenced by consistent positive results over the last 16 quarters and a healthy EBIT to interest ratio, the current market dynamics and sector performance are exerting downward pressure on the stock price.