Why is Variman Global falling/rising?

As of 06-Oct, Variman Global Enterprises Ltd is experiencing a decline in its stock price, currently at 9.97, which reflects a decrease of 0.15 or 1.48%. The stock has underperformed its sector by 2.69% today and has been on a downward trend for the last two days, accumulating a total loss of 3.58%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock has also seen a significant drop in investor participation, with delivery volume falling by 64.01% compared to the 5-day average. Over the past week, the stock has declined by 4.96%, and its year-to-date performance shows a decrease of 19.73%, further highlighting its struggles in the market. In the broader market context, the Sensex has shown a positive return of 1.77% over the past week, contrasting sharply with Variman's negative performance. This divergence suggests that while the overall market is experiencing gains, Variman is lagging significantly behind, which may be contributing to investor concerns. The stock's year-to-date decline of 19.73% further emphasizes its underperformance relative to the benchmark, which has gained 4.67% in the same period. This stark contrast in performance may lead to a lack of confidence among investors, exacerbating the stock's downward trajectory.