Why is Waaree Renewab. falling/rising?

As of 19-Nov, Waaree Renewable Technologies Ltd's stock price is currently at 1,106.80, reflecting a decline of 20.75 points or 1.84%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 6.19% during this period. It opened lower today with a loss of 2.55% and reached an intraday low of Rs 1,092, which is a drop of 3.15%. Over the past week, the stock has decreased by 6.29%, and over the past month, it has seen a decline of 12.83%. Despite these short-term setbacks, the company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 0.54 times and impressive growth in net sales and operating profit, indicating a solid long-term outlook.
In the broader market context, the Sensex has shown a positive return of 0.85% over the past week, contrasting sharply with Waaree's negative performance. This divergence highlights the stock's struggle relative to the market. While the company has consistently reported positive results for the last 17 quarters, including significant growth in net profit and cash reserves, the recent price decline suggests that investor sentiment may be influenced by short-term market dynamics rather than the company's strong fundamentals. The rising investor participation, as indicated by an increase in delivery volume, may provide some support, but overall, the stock's recent performance has not aligned with the broader market trends.