Why is Websol Energy falling/rising?

As of 20-Oct, Websol Energy System Ltd's stock price is currently at Rs 1,211.20, reflecting a decline of Rs 14.95 or 1.22%. The stock has been underperforming recently, having fallen for the last four consecutive days, resulting in a total drop of 5.28% during this period. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock's delivery volume has decreased significantly, falling by 43.39% against the five-day average, which suggests a lack of investor interest. Despite the company reporting strong long-term growth metrics, including a 39.18% increase in net profit and consistent positive results over the last five quarters, the stock is facing pressure due to its high valuation and the fact that 88.12% of promoter shares are pledged, which can exacerbate downward price movements in a falling market.
In the broader market context, Websol Energy's recent performance has lagged behind the benchmark Sensex, which has increased by 2.47% over the past week while the stock itself has gained only 2.19%. Over the last month, the stock has declined by 6.24%, contrasting sharply with the Sensex's gain of 2.10%. This underperformance, combined with the high levels of pledged shares and expensive valuation metrics, has contributed to the stock's downward trajectory in a market that is otherwise showing positive trends.