Why is Waaree Renewab. falling/rising?

As of 04-Aug, Waaree Renewable Technologies Ltd is experiencing a decline in its stock price, currently at 1,034.05, reflecting a decrease of 10.25 points or 0.98%. The stock has underperformed its sector by 0.42% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 4.6% during this period. Although the company has shown strong long-term growth with significant increases in net sales and operating profit, its stock has faced challenges, including a year-to-date decline of 23.00% and a one-year drop of 31.52%. The stock's valuation appears expensive with a high Price to Book Value ratio, and despite positive financial results over the last 16 quarters, the lack of domestic mutual fund investment may indicate concerns about its current pricing.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a one-week return of -0.80% compared to the Sensex's gain of 0.16%. This underperformance is compounded by the company's declining investor participation, as evidenced by a significant drop in delivery volume. While the overall market has seen negative returns of -2.34% over the past year, Waaree's stock has fared much worse, highlighting investor hesitance and contributing to its recent price decline.