Why is Vedavaag Systems falling/rising?

As of 04-Jul, Vedavaag Systems Ltd. is currently priced at Rs 40.80, reflecting a decrease of Rs 0.2 or 0.49%. The stock has underperformed significantly, with a 1-week return of -2.21% compared to the Sensex's -0.74%. Over the past month, Vedavaag has seen a decline of 10.51%, while the Sensex has gained 3.01%. The stock is trading lower than all its moving averages and is close to its 52-week low, being only 4.41% away from it. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 30.15% against the 5-day average. Despite a low debt-to-equity ratio and a relatively attractive valuation, the company's recent financial performance has been poor, with a significant drop in PAT and a low debtors turnover ratio, which negatively impacts investor sentiment.
In the broader market context, Vedavaag Systems has consistently underperformed against the benchmark over the last three years, generating a return of -24.06% in the past year while the Sensex has increased by 4.23%. This consistent underperformance, coupled with the increase in pledged promoter shares, adds downward pressure on the stock price, especially in a falling market. The overall market sentiment appears to be unfavorable for Vedavaag, as evidenced by its declining stock price and the broader market's positive performance.