Why is Waaree Renewab. falling/rising?

As of 01-Aug, Waaree Renewable Technologies Ltd is experiencing a decline in its stock price, currently at 1,045.20, reflecting a decrease of 2.15 (-0.21%). The stock has been underperforming recently, having fallen for the last three consecutive days, resulting in a total decline of 3.57%. In terms of performance against benchmarks, the stock has shown a 1-week return of -0.84% compared to the Sensex's -1.06%, but it has outperformed the sector today by 1.88%. Despite strong long-term growth indicators, such as a significant increase in net sales and profits, the stock's valuation appears expensive, with a Price to Book Value of 23.9, which may deter investors.
Broader market context shows that while the stock has underperformed significantly over the past year with a return of -34.23%, the broader market (BSE500) has only declined by -4.13%. This stark contrast suggests that investor sentiment towards Waaree Renewable Technologies Ltd is particularly negative, possibly influenced by the lack of domestic mutual fund investment, indicating a lack of confidence in the stock's current valuation. Additionally, the recent drop in delivery volume by 25.65% against the 5-day average further highlights falling investor participation, contributing to the stock's downward trend.