Why is Waaree Renewab. falling/rising?

As of 17-Sep, Waaree Renewable Technologies Ltd is experiencing a price increase, currently at 1,124.30, which reflects a rise of 31.75 or 2.91%. The stock has shown strong performance today, outperforming its sector by 1.68% and achieving a consecutive gain over the last two days, with a total increase of 2.98% during this period. Additionally, the stock reached an intraday high of Rs 1137.8, marking a 4.14% increase. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume falling by 65.33% compared to the 5-day average. The company has demonstrated robust financial health, with significant growth in net sales and operating profit, and has consistently reported positive results for the last 16 quarters, which supports its recent price movement.
In the broader market context, Waaree Renewable Technologies Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of 6.58% compared to the Sensex's 1.56%. This trend is indicative of the stock's strong performance relative to the market. However, it is important to note that the stock has a year-to-date decline of 16.28%, contrasting with the Sensex's gain of 5.83%, suggesting that while the stock is currently rising, it has faced challenges over a longer timeframe. The company's strong ability to service its debt and impressive growth metrics contribute positively to investor sentiment, which may be influencing the current upward movement in its stock price.