Why is Vascon Engineers falling/rising?

As of 24-Jul, Vascon Engineers Ltd is experiencing a decline in its stock price, currently at Rs 54.35, which reflects a decrease of Rs 1.63 or 2.91%. The stock has been underperforming, having fallen for six consecutive days, resulting in an overall decline of 8.35% during this period. In the past week, the stock has decreased by 7.25%, while over the last month, it has shown a modest increase of 7.16%. However, the stock's performance over the past year has been significantly negative, with a drop of 27.47%. Factors contributing to this decline include a low Return on Capital Employed (ROCE) of 6.71%, indicating poor management efficiency, and the fact that 27.73% of promoter shares are pledged, which can exert additional downward pressure in a falling market. Additionally, the stock's delivery volume has decreased by 36.29% compared to the five-day average, suggesting falling investor participation.
In the broader market context, the Sensex has remained relatively stable, with only a minor decline of 0.09% over the past week. This indicates that the stock's poor performance is not entirely reflective of the overall market conditions. While the stock has shown strong long-term growth with a 142.09% increase over three years, its recent performance has been disappointing compared to the benchmark. The stock's underperformance is further highlighted by its negative returns over the past year, contrasting sharply with the Sensex's positive return of 2.54% during the same period. This disparity underscores the challenges Vascon Engineers is facing in attracting investor confidence amidst its recent struggles.