Why is Vedavaag Systems falling/rising?

As of 25-Jun, Vedavaag Systems Ltd. is currently priced at 42.39, reflecting a decrease of 0.26, or 0.61%. The stock has underperformed its sector today by 2.19%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 4.10%, and it has experienced a significant drop of 34.87% year-to-date. Despite a low debt-to-equity ratio and a valuation that appears attractive compared to peers, the company has shown poor long-term growth, with net sales and operating profit growing at annual rates of only 7.58% and 9.50%, respectively. Additionally, the recent quarterly results indicate a substantial decline in profit after tax, which has fallen by 80.6% compared to the previous four-quarter average, further contributing to negative sentiment around the stock.
In the broader market context, the Sensex has gained 1.61% over the past week, indicating that Vedavaag Systems is lagging behind the benchmark significantly. The stock has consistently underperformed against the benchmark over the last three years, generating a return of -15.74% in the past year while the broader market has risen by 6.02%. The increase in pledged promoter shares, which now stands at 27.28%, adds to the downward pressure on the stock, especially in a falling market. Overall, the combination of poor financial performance, declining investor participation, and consistent underperformance against market benchmarks has led to the stock's recent decline.