Why is Varyaa Creations falling/rising?

As of 09-Sep, Varyaa Creations Ltd's stock price is currently at Rs 39.75, reflecting a decline of Rs 2.25 or 5.36%. The stock has underperformed its sector by 4.71% today, opening with a significant loss of 9.52% and reaching an intraday low of Rs 38. Over the past week, the stock has decreased by 0.62%, while it has shown a modest increase of 3.11% over the past month. However, year-to-date, the stock has plummeted by 54.39%, indicating a severe decline in value compared to the Sensex, which has risen by 3.79% during the same period. The stock is also trading below all its moving averages, suggesting a bearish trend. Notably, there has been a rise in investor participation, with a 38.89% increase in delivery volume on September 5 compared to the 5-day average, which could indicate some interest despite the overall negative performance.
Broader Market Context: In the context of the broader market, Varyaa Creations' recent performance contrasts sharply with the Sensex, which has gained 1.18% over the past week and 1.56% over the past month. This underperformance highlights the stock's struggles relative to the market, particularly given its substantial year-to-date decline compared to the benchmark's positive return. The liquidity of the stock remains adequate for trading, but the erratic trading pattern, including a day without trades in the last 20 days, may contribute to investor hesitance. Overall, the combination of poor stock performance, negative market sentiment, and the stock's inability to keep pace with the benchmark suggests a challenging environment for Varyaa Creations Ltd.