Why is Vedavaag Systems falling/rising?

As of 09-Sep, Vedavaag Systems Ltd. is experiencing a decline in its stock price, currently at 36.90, reflecting a decrease of 0.5 or 1.34%. The stock has underperformed its sector by 3.51% today and has been on a downward trend for the last three days, accumulating a total loss of 5.8% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Vedavaag has generated a return of -49.81%, despite a slight increase in profits of 0.8%. The company has a low Return on Equity (ROE) of 5.7 and has shown poor long-term growth, with net sales growing at an annual rate of only 9.49% over the last five years. Furthermore, 27.28% of promoter shares are pledged, which can exert additional downward pressure on the stock price in a falling market. In the broader market context, Vedavaag Systems' short-term performance has been notably weaker compared to the benchmark, with a 1-week return of -5.55% against the Sensex's gain of 1.18%. While the IT - Software sector has gained by 2.18%, Vedavaag's performance remains below par, indicating a lack of investor confidence. The stock's liquidity is sufficient for trading, but the overall negative sentiment, combined with the company's weak fundamentals and significant pledged shares, contributes to its ongoing decline.