Why is Varyaa Creations falling/rising?

As of 29-Sep, Varyaa Creations Ltd is experiencing a decline in its stock price, currently at Rs 38.60, which reflects a decrease of Rs 2.5 or 6.08%. The stock has underperformed its sector by 8.07% today and opened with a significant loss of 6.08%. Additionally, it has not traded on two days out of the last twenty, indicating erratic trading behavior. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. In terms of returns, the stock has seen a substantial decline of 55.71% year-to-date and 65.06% over the past year, contrasting sharply with the Sensex, which has gained 2.85% year-to-date.
In the broader market context, the stock's short-term performance over the past week shows a decline of 8.42%, while the Sensex has only decreased by 2.18%, highlighting a significant underperformance relative to the benchmark. The diamond and gold jewelry sector has gained by 2.06%, further emphasizing Varyaa Creations' struggles within its industry. The falling investor participation, with a delivery volume drop of 73.21% against the 5-day average, indicates a lack of confidence among investors, contributing to the stock's downward trajectory. Overall, the combination of poor trading performance, significant losses, and weak investor interest is driving the stock lower.