Why is Vashu Bhagnani falling/rising?

As of 14-Jul, Vashu Bhagnani Industries Ltd's stock price is currently at Rs. 83.49, reflecting a decline of Rs. 7.96 or 8.7%. Today, the stock opened with a gain of 3.88% but quickly fell to a new 52-week low of Rs. 81.04, indicating significant volatility with an intraday range of Rs. 13.96. The stock has underperformed its sector by 10.08% today and has shown a negative return of 11.18% over the past month. The company's financials reveal a concerning trend, with net sales dropping by 79.85% and a return on equity of just 4.6, suggesting weak profitability and high valuation relative to its peers. This combination of poor financial performance and high volatility has contributed to the stock's recent decline.
In the broader market context, Vashu Bhagnani's stock has significantly underperformed compared to the benchmark, with a one-year return of -71.87% against a market return of 0.26%. While the stock has shown some positive movement in the past three and five years, the recent performance indicates a troubling trend, especially with operating losses and a weak long-term fundamental strength. The stock's current trading below all major moving averages further emphasizes its downward trajectory, contrasting sharply with the benchmark's relatively stable performance.