Why is Waaree Renewab. falling/rising?

As of 31-Jul, Waaree Renewable Technologies Ltd's stock price is currently at 1,047.35, reflecting a decrease of 14.65, or 1.38%. The stock has been on a downward trend, having fallen for the last two days with a total decline of 3.38% today, opening lower and reaching an intraday low of Rs 1,026.1. Despite this recent drop, the stock has shown positive performance over the past month, with a return of 4.90%. However, it has underperformed significantly on a year-to-date basis, down 22.01%. The company has demonstrated strong fundamentals, including a healthy EBIT to Interest ratio and impressive growth in net sales and profits, which may provide some support for the stock despite its recent price decline.
In the broader market context, the stock's short-term performance has been worse than the benchmark Sensex, which has declined by only 1.22% over the past week. The falling investor participation, indicated by a 33.7% drop in delivery volume, suggests a lack of confidence among investors, contributing to the stock's recent struggles. While the company has consistently reported positive results over the last 16 quarters, the current market sentiment appears to be weighing heavily on the stock's price, overshadowing its strong financial performance and long-term growth potential.