Why is Varyaa Creations falling/rising?

As of 18-Sep, Varyaa Creations Ltd is experiencing a decline in its stock price, currently at Rs 41.00, which reflects a decrease of Rs 2.78 or 6.35%. The stock has underperformed its sector by 6.13% today, marking a trend reversal after four consecutive days of gains. It has shown high volatility with an intraday fluctuation of 6.18%, reaching a high of Rs 46.4 and a low of Rs 41. The stock's year-to-date performance is significantly negative at -52.95%, contrasting with a modest gain of 6.24% in the benchmark index, Sensex. Additionally, while there has been a notable increase in delivery volume, rising by 566.67% against the 5-day average, the stock's performance remains weak compared to longer-term benchmarks.
Broader Market Context: In the short term, Varyaa Creations has shown a return of +7.08% over the past week, which is substantially higher than the Sensex's gain of +1.80% during the same period. However, the stock's year-to-date and one-year returns are considerably lower than the benchmark, indicating a persistent underperformance. The broader market context suggests that while there may be some short-term recovery, the overall trend for Varyaa Creations remains negative, particularly when compared to the consistent gains of the Sensex. This disparity highlights the challenges the company faces in regaining investor confidence amidst a volatile trading environment.