Why is Variman Global falling/rising?

As of 20-Oct, Variman Global Enterprises Ltd is experiencing a decline in its stock price, currently at 10.61, which represents a decrease of 0.51 or 4.59%. The stock has underperformed its sector by 5.32% today, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 36.15% compared to the 5-day average. The stock's performance over various time frames shows a negative trend, with a year-to-date decline of 14.57% and a staggering 52.63% drop over the past three years, indicating ongoing challenges for the company.
In the broader market context, Variman's recent performance contrasts sharply with the Sensex, which has risen by 2.47% over the past week and 7.97% year-to-date. This stark difference highlights the company's struggles relative to the overall market. While the Sensex has shown positive returns, Variman's stock has consistently underperformed, contributing to a negative sentiment among investors. The lack of available positive factors further exacerbates the situation, leaving the stock vulnerable to continued declines as it fails to attract investor confidence amidst a rising market.