Why is Waaree Renewab. falling/rising?

As of 29-Jul, Waaree Renewable Technologies Ltd is experiencing a price increase, currently at 1,083.95, reflecting a rise of 41.55 or 3.99%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, outperforming its sector by 1.74%. The stock reached an intraday high of Rs 1,095.9, marking a 5.13% increase. Despite a recent 1.67% decline over the past week and a significant drop of 19.28% year-to-date, the company has shown strong long-term growth, with net sales and operating profit increasing at annual rates of 234.38% and 199.93%, respectively. The company has also consistently declared positive results for the last 16 quarters, contributing to a healthy EBIT to interest ratio of 14.70.
In the broader market context, the Sensex has decreased by 1.03% over the past week, indicating that Waaree's short-term performance is relatively stronger compared to the benchmark. While the stock has outperformed the sector today, the overall year-to-date performance remains negative, contrasting with the Sensex's positive return of 4.09% for the same period. Additionally, the electric equipment sector has gained by 2.43%, suggesting some positive momentum in related industries, which may be benefiting Waaree's stock price. However, a notable decline in investor participation, with delivery volume falling by 38.1% against the five-day average, could pose challenges for sustained upward movement.