Why is Vedavaag Systems falling/rising?

As of 29-Aug, Vedavaag Systems Ltd. is currently priced at 36.94, reflecting an increase of 0.93 or 2.58%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 3.26% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite a significant drop of 44.04% in the past year, the company has seen a slight profit increase of 0.8%, and it is trading at a discount compared to its peers, which suggests some valuation attractiveness. Nonetheless, the stock's long-term fundamentals are weak, with a low Return on Equity (ROE) and poor growth rates in net sales and operating profit over the last five years, contributing to its recent price movements.
In the broader market context, Vedavaag Systems has underperformed against the benchmark, with a 1-week return of -2.99% compared to the Sensex's -1.84%. This consistent underperformance over the last three years, coupled with a significant decline in investor participation—evidenced by a 33.61% drop in delivery volume—adds to the downward pressure on the stock. Additionally, the high percentage of pledged promoter shares can exacerbate price declines in a falling market, further complicating the stock's outlook. Overall, while there is a short-term uptick in price, the long-term challenges and market conditions suggest a cautious approach to this stock.