Why is Waaree Tech. falling/rising?

As of 11-Jul, Waaree Technologies Ltd is experiencing a decline in its stock price, currently at Rs 283.00, which reflects a decrease of Rs 9.00 or 3.08%. The stock has underperformed its sector by 2.48% today, reaching an intraday low of Rs 283. Additionally, Waaree Technologies has shown negative returns over various periods, including a 5.54% drop over the past week and a significant 44.51% decline year-to-date. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a decrease in investor participation, with delivery volume falling by 1.45% against the 5-day average, suggesting reduced interest in the stock.
In the broader market context, Waaree Technologies has underperformed compared to the benchmark Sensex, which has only declined by 1.12% over the past week. While the Sensex has shown a modest gain of 5.58% year-to-date, Waaree Technologies has faced a stark contrast with its substantial year-to-date loss. This disparity highlights the challenges faced by the company in attracting investor confidence amidst a generally stable market environment. Overall, the combination of negative stock performance metrics and declining investor interest contributes to the downward pressure on Waaree Technologies' stock price.