Why is Waaree Tech. falling/rising?

As of 23-Jul, Waaree Technologies Ltd is experiencing a decline in its stock price, currently at Rs 346.05, which reflects a decrease of Rs 7.05 or 2.0%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.96%. It opened with a loss of 2% today and has not traded outside this price range. Despite the recent downturn, the stock has shown positive performance over the past week and month, with returns of 11.16% and 17.31%, respectively. However, it has significantly underperformed on a year-to-date basis, down 32.15%, and over the past year, it has plummeted by 72.79%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages but below its 200-day moving average. There is rising investor participation, with delivery volume increasing by 18.54% against the 5-day average, indicating some interest despite the price drop.
In the broader market context, the Sensex has shown minimal movement with a gain of just 0.11% over the past week and 1.01% over the past month, which suggests that the overall market sentiment is relatively stable. However, Waaree Technologies Ltd's significant year-to-date and yearly declines contrast sharply with the Sensex's positive returns of 5.87% and 2.86%, respectively. This disparity highlights the stock's struggles compared to the benchmark, indicating that while the market remains steady, Waaree Technologies is facing specific challenges that are contributing to its recent price decline.