Why is Vardhman Acrylic falling/rising?

As of 29-Jul, Vardhman Acrylics Ltd is currently priced at 48.65, reflecting a decrease of 0.79, or 1.6%. The stock has underperformed its sector by 1.49% today, and while it is trading higher than the 50-day, 100-day, and 200-day moving averages, it remains below the 5-day and 20-day moving averages. The stock has seen a significant drop in investor participation, with delivery volume falling by 40.13% compared to the 5-day average. Over the past year, Vardhman Acrylics has generated a return of -24.36%, and its financial performance has been concerning, with net sales declining at an annual rate of -0.67% and operating profit plummeting by 159.59% over the last five years. The company also reported a negative PAT growth of -61.47% in the latest six months, indicating ongoing financial struggles.
In the broader market context, Vardhman Acrylics has underperformed the benchmark, with a 1-week return of -2.39% compared to the Sensex's -0.96%. This consistent underperformance against the benchmark over the last three years, coupled with a low return on capital employed (ROCE) of 6.83%, suggests that the stock is facing significant challenges. The negative operating profits and the stock's risky trading position compared to its historical valuations further contribute to the downward pressure on its price. Overall, the combination of poor long-term growth prospects and recent financial results has led to a decline in investor confidence, resulting in the stock's current downward movement.