Why is Vedavaag Systems falling/rising?

As of 11-Jul, Vedavaag Systems Ltd. is experiencing a decline in its stock price, currently at Rs. 39.26, which represents a decrease of 2.04 (-4.94%). The stock has hit a new 52-week low of Rs. 38.75 today and has underperformed its sector by 2.8%. Over the past week, the stock has fallen by 3.77%, and in the last month, it has dropped 13.22%. The company's performance has been consistently poor, with a year-to-date decline of 39.68% compared to a 5.58% increase in the benchmark index. Additionally, the stock has been trading below its moving averages across various time frames, indicating a bearish trend. Factors contributing to this decline include a significant drop in quarterly profits, a low debt-to-equity ratio, and a high proportion of pledged promoter shares, which can exert downward pressure on the stock price.
In the broader market context, the stock's recent performance has been notably worse than the benchmark, with a 1-year return of -25.91% compared to a 3.26% gain in the Sensex. The IT sector, to which Vedavaag belongs, has also seen a decline of 2.17%, reflecting a challenging environment for technology stocks. The company's weak sales growth and operating profit over the past five years, along with a low debtor turnover ratio, further exacerbate investor concerns. The falling investor participation, evidenced by a significant drop in delivery volume, suggests a lack of confidence among traders, contributing to the stock's downward trajectory.