Why is Waaree Renewab. falling/rising?

As of 27-Oct, Waaree Renewable Technologies Ltd is experiencing a price increase, currently at 1,330.00, which reflects a rise of 92.5 or 7.47%. The stock has shown strong performance today, outperforming its sector by 6.21% and achieving consecutive gains over the last two days with an overall return of 8.12%. It reached an intraday high of Rs 1358.5, indicating positive momentum. In terms of returns, the stock has increased by 7.67% over the past week and 31.59% over the past month, significantly outperforming the Sensex, which rose only 0.49% and 5.41% respectively. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 0.54 times and impressive growth in net sales and operating profit, contributing to its positive stock movement.
Broader Market Context: The stock's recent performance contrasts sharply with its year-to-date return of -0.96%, while the Sensex has gained 8.50% during the same period. Despite this, Waaree Renewable Technologies has shown exceptional long-term growth, with a staggering 1290.05% increase over three years and 37900.00% over five years, indicating strong investor confidence in its future prospects. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping significantly. This could suggest a potential caution among investors despite the positive financial results and strong performance metrics.