Why is Waaree Tech. falling/rising?

As of 18-Jul, Waaree Technologies Ltd is experiencing a price increase, currently at Rs 343.15, which reflects a rise of Rs 16.3 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.49% and has gained consecutively for the last four days, accumulating a total return of 21.51% during this period. Additionally, the stock opened with a gain of 2.48% today and reached an intraday high of Rs 343.15. It is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 167.47% compared to the 5-day average, indicating heightened interest in the stock.
In the broader market context, Waaree Technologies Ltd has outperformed the benchmark Sensex over the past week, with a return of +21.25% compared to the Sensex's decline of -0.90%. Over the past month, the stock has also shown a positive return of +18.39%, while the Sensex has only increased by +0.38%. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of -32.72%, while the Sensex has gained +4.63%. This mixed performance suggests that while the stock is currently rising, it has faced significant challenges over a longer time frame.