Why is Vedavaag Systems falling/rising?

As of 14-Jul, Vedavaag Systems Ltd. is currently priced at Rs. 39.20, reflecting a decrease of Rs. 0.06 or 0.15%. The stock has recently hit a new 52-week low of Rs. 38 and has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 5.52% during this period. Over the past week, the stock has underperformed significantly, with a return of -4.83%, while its performance over the last month shows a decline of 12.36%. Despite a rise in investor participation, indicated by an 89.99% increase in delivery volume, the stock is trading below all key moving averages. Furthermore, 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. The recent financial results have also been disappointing, with a significant drop in PAT and a low debtors turnover ratio, contributing to negative sentiment around the stock.
In the broader market context, Vedavaag Systems has consistently underperformed against the benchmark, with a one-year return of -25.90% compared to the Sensex's gain of 2.15%. This trend of underperformance extends over the last three years, where the stock has generated negative returns while the benchmark has risen significantly. The increase in pledged promoter shares, now at 27.28%, adds further downward pressure in a falling market, exacerbating the stock's decline. Overall, the combination of disappointing financial performance, poor growth prospects, and underperformance relative to the benchmark has led to the stock's current downward movement.