Why is Waaree Tech. falling/rising?

As of 12-Sep, Waaree Technologies Ltd is experiencing a decline in its stock price, currently at Rs 318.00, which reflects a decrease of Rs 2.05 or 0.64%. Today's price summary indicates that the stock underperformed its sector by 2.18% and has fallen after two consecutive days of gains. Although it opened with a gain of 4.05% and reached an intraday high of Rs 336.05, it also touched a low of Rs 306.8, indicating volatility. The stock has shown a significant year-to-date decline of 37.65%, despite a strong three-year return of 106.56%. The rising investor participation, with a delivery volume increase of 108.78% against the five-day average, suggests some positive sentiment, but overall, the stock's recent performance has been negatively impacted by its trend reversal.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.48% over the past week, Waaree Technologies Ltd has outperformed with a return of 9.13%. However, the stock's year-to-date performance is significantly worse than the Sensex's 4.82% gain, highlighting a broader market context where the stock is struggling despite some short-term gains. The liquidity of the stock remains adequate for trading, but the overall negative trend and recent price movements indicate a challenging environment for Waaree Technologies Ltd amidst a recovering market.