Why is Varanium Cloud falling/rising?

As of 05-Jun, Varanium Cloud Ltd is currently priced at Rs. 5.20, showing no change (0.00%). The stock has recently hit a new 52-week and all-time low, indicating significant downward pressure. Over the past week, the stock has underperformed the sector by 4%, and it has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. Additionally, the latest financial results indicate a substantial decline in profitability, with a PAT of Rs -2.73 crore, reflecting a drop of 107.8%. The stock is technically in a mildly bearish range, and its erratic trading pattern, with no trades on four out of the last 20 days, further contributes to its negative outlook. In the broader market context, Varanium Cloud's performance over the past month shows a decline of 17.46%, contrasting sharply with the Sensex, which has gained 1.18% during the same period. The stock's year-to-date return is a staggering -67.90%, while the Sensex has increased by 4.68%. This stark difference highlights the stock's struggles relative to the overall market. Despite a rise in investor participation, as evidenced by a 43.15% increase in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and lack of recent financial disclosures.