Why is Waaree Tech. falling/rising?

As of 30-Sep, Waaree Technologies Ltd is experiencing a decline in its stock price, currently at Rs 287.00, reflecting a decrease of Rs 6.15 or 2.1%. The stock has underperformed its sector by 1.83% today, reaching an intraday low of Rs 278.5, which is a 5% drop. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a 38.31% drop compared to the 5-day average, suggesting falling investor participation. Over the past year, the stock has seen a substantial decline of 70.35%, while its year-to-date performance shows a decrease of 43.73%.
In the broader market context, the Sensex has shown a slight decline of 2.23% over the past week, while Waaree Technologies Ltd has fallen by 5.65% in the same period, indicating that the stock's decline is more pronounced than the benchmark. Despite the Sensex gaining 2.72% year-to-date, Waaree Technologies has struggled significantly, highlighting its underperformance compared to the overall market. The lack of positive factors in the dashboard further emphasizes the challenges the company faces, contributing to the ongoing downward pressure on its stock price.