Why is Vedavaag Systems falling/rising?

As of 02-Jul, Vedavaag Systems Ltd. is experiencing a decline in its stock price, currently at Rs 40.50, which reflects a decrease of -0.36 or -0.88%. The stock has been underperforming significantly, having fallen consecutively for the last six days with a total decline of -5.04%. It is currently trading close to its 52-week low, just 3.7% away from Rs 39. The stock has also underperformed its sector by -0.97% today. Over the past year, Vedavaag has generated a return of -21.54%, while its profits have increased by 6.5%. However, the company has shown poor long-term growth, with net sales and operating profit growing at rates of only 7.58% and 9.50%, respectively, over the last five years. Additionally, a significant portion of promoter shares, 27.28%, are pledged, which adds downward pressure in a falling market.
In the broader market context, Vedavaag Systems' recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained +0.79% over the past week and +2.50% over the last month. The company's stock has consistently lagged behind the benchmark, with a -37.78% return year-to-date compared to the Sensex's +6.75%. This consistent underperformance, combined with a low debt-to-equity ratio and attractive valuation metrics, suggests that while the stock may be undervalued, the market sentiment remains negative due to its weak growth prospects and high proportion of pledged shares.