Why is Waaree Tech. falling/rising?

As of 17-Jul, Waaree Technologies Ltd's stock price is currently at Rs 326.85, reflecting an increase of Rs 15.55 or 5.0%. The stock has shown strong performance recently, gaining 15.74% over the last three days and outperforming its sector by 4.4% today. It opened with a 5% gain and reached an intraday high of Rs 326.85. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of +11.93% and +15.01%, respectively. However, it has faced significant declines year-to-date and over the past year, with losses of 35.91% and 73.68%, respectively. The stock's moving averages indicate it is performing better than the 5, 20, 50, and 100-day averages but remains below the 200-day average. There is also a notable increase in investor participation, with delivery volume rising by 25.53% against the 5-day average.
Broader Market Context: In the context of the broader market, while Waaree Technologies has shown impressive short-term gains, the Sensex has experienced a slight decline of 1.12% over the past week and a modest increase of 0.83% over the past month. This indicates that while Waaree Technologies is performing well relative to the benchmark in the short term, it has struggled significantly in the longer term compared to the overall market, as evidenced by its year-to-date and one-year performance. The liquidity of the stock is also favorable, allowing for trades of small sizes, which may contribute to its recent price movements.