Why is Waaree Tech. falling/rising?

As of 25-Sep, Waaree Technologies Ltd is experiencing a decline in its stock price, currently at Rs 301.45, which reflects a decrease of Rs 3.95 or 1.29%. The stock has touched an intraday low of Rs 298.1, indicating a drop of 2.39%. In terms of performance, the stock has shown a negative return of 1.71% over the past week, while it has gained 3.24% over the past month. However, year-to-date, it has significantly underperformed with a decline of 40.89%. Additionally, the stock is currently trading higher than its 20-day moving averages but lower than its 5-day, 50-day, 100-day, and 200-day moving averages. There has been a notable decrease in investor participation, with delivery volume falling by 28.79% against the 5-day average, which may contribute to the downward pressure on the stock.
In the broader market context, the Sensex has declined by 2.23% over the past week, which is worse than Waaree Technologies' performance, suggesting that the stock is holding up relatively better in the short term. However, the stock's year-over-year performance shows a stark contrast, with a drop of 71.96% compared to the Sensex's decline of only 4.71%. This indicates that while the stock may be performing better than the benchmark in the short term, its long-term trajectory remains concerning. The liquidity of the stock is adequate for trading, but the falling investor participation could signal waning interest, further contributing to the stock's recent decline.