Why is Vedavaag Systems falling/rising?

As of 01-Sep, Vedavaag Systems Ltd. is experiencing a decline in its stock price, currently at 36.41, reflecting a decrease of 0.53 or 1.43%. The stock has underperformed its sector today by 2.7%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has dropped by 5.16%, and it has seen a significant decline of 44.93% over the past year. Despite a very attractive valuation indicated by a low Price to Book Value of 0.6 and a slight profit increase of 0.8%, the stock's long-term fundamentals are weak, with a low average Return on Equity (ROE) of 6.14% and a concerning growth rate in net sales and operating profit over the last five years. Additionally, 27.28% of promoter shares are pledged, which can exert further downward pressure in a falling market.
In the broader market context, Vedavaag Systems has consistently underperformed against the benchmark, with a year-to-date return of -44.06% compared to the Sensex's positive return of 2.85%. The stock's performance over the last three years has also been poor, with returns of -26.67% versus a 36.75% gain in the benchmark. This consistent underperformance, coupled with a significant drop in investor participation, as evidenced by a 60.71% decrease in delivery volume, suggests a lack of confidence among investors. Overall, the combination of weak fundamentals, high promoter share pledging, and significant underperformance relative to the market contributes to the stock's current downward trajectory.