Why is Vama Industries falling/rising?

As of 01-Sep, Vama Industries Ltd is experiencing a decline in its stock price, currently at Rs 5.63, reflecting a decrease of 0.01 (-0.18%). The stock has underperformed significantly, with a 1-week return of -4.41% and a 1-month return of -6.63%. It is currently trading close to its 52-week low, just 4.97% above Rs 5.35. The stock is also trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 39.37% compared to the 5-day average. While the stock has an attractive valuation with a Price to Book Value of 1.6 and profits rising by 89.2%, it is burdened by operating losses and a weak ability to service debt, which contributes to its negative performance.
In the broader market context, Vama Industries has underperformed the Sensex, which has seen a decline of only 1.56% over the past week. The company's long-term fundamentals are weak, as evidenced by a poor EBIT to Interest ratio of -0.26 and a low Return on Equity of 3.95%. Furthermore, the presence of pledged promoter shares adds additional downward pressure in a falling market. Overall, the stock's performance has been lackluster, with a staggering -41.23% return over the past year, which is significantly worse than the benchmark indices, indicating a challenging environment for the company.