Why is Vedavaag Systems falling/rising?

As of 08-Jul, Vedavaag Systems Ltd. is currently priced at 41.45, reflecting an increase of 0.26 or 0.63%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 1.59% during this period. However, despite this short-term gain, the stock has underperformed over the past month, declining by 7.48%, and has a year-to-date drop of 36.32%. The company has a low Debt to Equity ratio and a favorable Price to Book Value, indicating an attractive valuation relative to its peers. Nevertheless, the stock's performance has been hindered by poor long-term growth metrics, including a significant drop in PAT and a low Debtors Turnover Ratio, which could be contributing to investor caution.
In the broader market context, Vedavaag Systems has outperformed its sector by 0.36% today, while the benchmark Sensex has only increased by 0.02% over the past week. However, the stock's longer-term performance has been disappointing, with consistent underperformance against the benchmark over the last three years, including a 22.60% decline in the past year. This underperformance, coupled with a rising proportion of pledged promoter shares, adds downward pressure on the stock price, particularly in a falling market. Overall, while there are short-term gains, the broader context suggests ongoing challenges that may limit the stock's recovery.