Why is Websol Energy falling/rising?

As of 25-Aug, Websol Energy System Ltd is experiencing a decline in its stock price, currently at Rs 1,294.45, which represents a decrease of Rs 30.1 or 2.27%. The stock has underperformed its sector by 0.96% today, touching an intraday low of Rs 1,288.1. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.11%, and it has seen a significant decline of 22.10% year-to-date, despite a strong performance of 35.12% over the last year. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 33.03% and a net profit growth of 39.18%, but the high valuation metrics and a significant percentage of promoter shares being pledged are contributing to the downward pressure on the stock. In the broader market context, while the Sensex has shown a slight increase of 0.45% over the past week, Websol Energy's performance has been notably weaker, indicating a divergence from the overall market trend. The stock's recent struggles are compounded by falling investor participation, with delivery volume dropping by 17.94% against the 5-day average, suggesting reduced interest from investors. Although the company has demonstrated consistent returns over the last three years and has declared positive results for five consecutive quarters, the high valuation and the pledged shares of promoters are significant concerns that are likely influencing investor sentiment negatively, leading to the stock's current decline.