Why is Vashu Bhagnani falling/rising?

As of 16-Jul, Vashu Bhagnani Industries Ltd is experiencing a decline in its stock price, currently at Rs 78.94, reflecting a decrease of Rs 4.06 or 4.89%. The stock has hit a new 52-week low of Rs 77 today and has been on a downward trend, losing 13.68% over the last three days. It has underperformed its sector by 7.52% today and is trading below all key moving averages, indicating weak momentum. The company has reported significant operating losses, with net sales falling by 79.85% over the last six months and a return on equity of just 4.6, which suggests low profitability. This poor performance has contributed to a substantial decline in the stock's value, which has dropped 75.87% over the past year.
In the broader market context, Vashu Bhagnani's short-term performance has been notably worse than the benchmark, with a 1-week return of -13.16% compared to the Sensex's -1.08%. While the overall market has shown resilience, with a 1-month return of +1.02% and a year-to-date increase of +5.75%, Vashu Bhagnani's stock has significantly lagged behind, indicating a lack of investor confidence. The falling investor participation, with a 31.86% drop in delivery volume, further emphasizes the stock's struggles in attracting buyers amidst its ongoing operational challenges.