Why is Vasudhagama Ent. falling/rising?

As of 11-Jul, Vasudhagama Enterprises Ltd is experiencing a decline in its stock price, currently at Rs. 4.58, which reflects a decrease of Rs. 0.24 or 4.98%. The stock has hit a new 52-week and all-time low today and has been on a downward trend, losing 28.44% over the past week. It has underperformed its sector by 4.06% today and has consistently fallen for the last five days. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Despite a slight increase in profits by 8% over the past year, the stock has generated a staggering return of -85.07%, highlighting its poor performance. The return on equity (ROE) is low at 1.5, and the stock's valuation is attractive with a price-to-book value of 0.2, but these factors are overshadowed by weak long-term fundamentals and a lack of institutional support among shareholders.
In the broader market context, the stock has significantly underperformed compared to the Sensex, which has shown a modest gain of 5.58% year-to-date, while Vasudhagama has plummeted by nearly 50%. The stock's performance over various periods, including a decline of 21.31% over the past month and 49.89% year-to-date, contrasts sharply with the benchmark's stability. This stark difference in performance indicates a lack of investor confidence and highlights the stock's ongoing struggles in both the short and long term, further contributing to its current downward trajectory.