Why is Waaree Tech. falling/rising?

As of 24-Jul, Waaree Technologies Ltd is experiencing a decline in its stock price, currently at 339.15, which reflects a decrease of 6.9 or 1.99%. The stock has been underperforming, having lost 5.87% over the last three days and showing a performance today that is 2.47% lower than its sector. Additionally, the stock's delivery volume has significantly decreased by 88.48% compared to its 5-day average, indicating a drop in investor participation. While the stock has shown positive returns over the past week and month, with increases of 3.76% and 13.33% respectively, it has suffered substantial losses year-to-date and over the past year, with declines of 33.50% and 74.61%.
In the broader market context, the Sensex has remained relatively stable, with a slight decline of 0.09% over the past week and a modest gain of 0.16% over the past month. This suggests that Waaree Technologies Ltd's recent struggles are not entirely reflective of the overall market trends, as it has underperformed the benchmark significantly in the longer term. The stark contrast between the stock's year-to-date and one-year returns compared to the Sensex's positive performance indicates that specific challenges facing Waaree Technologies Ltd are contributing to its current price decline, despite some short-term gains.