Why is Waaree Tech. falling/rising?

As of 14-Jul, Waaree Technologies Ltd is experiencing a decline in its stock price, currently at 282.40, which reflects a decrease of 0.6 or 0.21%. The stock has underperformed its sector by 0.34% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.29% during this period. Additionally, Waaree Technologies has shown significant underperformance over various time frames, with a year-to-date decline of 44.63% and a staggering 78.60% drop over the past year. 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 notable decrease in investor participation, with delivery volume falling by 33.87% compared to the 5-day average.
In the broader market context, Waaree Technologies' short-term performance has been worse than the benchmark, as it has declined by 2.01% over the past week while the Sensex has only decreased by 1.42%. This suggests that the stock is not only struggling in isolation but is also lagging behind the overall market performance. The year-to-date performance further highlights this disparity, with the Sensex gaining 5.27% while Waaree Technologies has plummeted. The lack of positive factors in the dashboard indicates that there are no significant catalysts to support a rebound in the stock's price, contributing to its ongoing decline.