Why is Waaree Tech. falling/rising?

As of 21-Jul, Waaree Technologies Ltd is experiencing a price increase, currently at Rs 360.30, reflecting a rise of Rs 17.15 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.32% and has been on a consecutive gain streak for the last five days, with a total return of 27.58% during this period. The stock opened with a gain of 4.91% today and reached an intraday high of Rs 360.30. Additionally, the stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Rising investor participation is evident, as the delivery volume increased by 28.34% against the 5-day average, indicating growing interest in the stock.
In the broader market context, Waaree Technologies has significantly outperformed the benchmark Sensex over the past week and month, with returns of +27.58% and +24.37%, respectively, while the Sensex has remained relatively flat with changes of -0.06% and -0.25%. However, it is important to note that the stock has underperformed on a year-to-date basis, down 29.35%, compared to the Sensex's gain of 5.20%. This contrast highlights the stock's recent recovery in the short term, despite its longer-term struggles. The absence of specific positive or negative factors in the dashboard does not detract from the stock's current upward momentum, which appears to be driven by recent gains and increased trading activity.