Why is Waaree Tech. falling/rising?

As of 29-Jul, Waaree Technologies Ltd is experiencing a decline in its stock price, currently at Rs 319.30, which reflects a decrease of Rs 6.5 or 2.0%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 11.38% during this period. Additionally, the stock opened with a loss of 2% today and has not fluctuated from this price point. In terms of returns, the stock has shown a significant decline of 73.03% over the past year and a year-to-date drop of 37.39%, contrasting with a positive return of 4.09% for the benchmark index, Sensex. Notably, investor participation has decreased sharply, with delivery volume falling by 95.44% compared to the five-day average, indicating a lack of interest in trading the stock.
Broader Market Context: In the short term, Waaree Technologies Ltd has underperformed the benchmark, with a weekly return of -9.57% compared to the Sensex's -1.03%. This stark contrast highlights the stock's struggles relative to the broader market. While the stock has shown some positive performance over a one-month period with a gain of 9.07%, the overall trend remains negative, particularly in the longer term. The stock's performance is further compounded by its current position relative to moving averages, being lower than the 5-day and 200-day averages, which may indicate a bearish sentiment among investors.