Why is Vama Industries falling/rising?

As of 30-Sep, Vama Industries Ltd's stock price is currently at 6.10, reflecting a decrease of 0.17, or 2.71%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.79% during this period. Additionally, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has experienced a significant drop of 7.58%, while its performance over the last year shows a decline of 25.88%. Despite a notable increase in profits by 89.2%, the company faces challenges such as operating losses and a weak ability to service its debt, which contribute to its negative performance.
In the broader market context, Vama Industries has underperformed compared to the Sensex, which has only declined by 2.23% over the same week. The stock's liquidity is also a concern, with a 15.61% drop in delivery volume compared to the five-day average, suggesting reduced investor interest. Furthermore, the presence of pledged promoter shares adds downward pressure in a declining market, exacerbating the stock's challenges. Overall, the combination of weak fundamentals, poor short-term performance, and unfavorable market conditions has led to the stock's decline.