Why is Vedavaag Systems falling/rising?

As of 18-Nov, Vedavaag Systems Ltd. is experiencing a decline in its stock price, currently at Rs. 31.59, which reflects a decrease of Rs. 1.87 or 5.59%. The stock has hit a new 52-week low of Rs. 29.75 today and has underperformed its sector by 4.62%. Over the past two days, the stock has consecutively fallen, resulting in an overall decline of 8.14%. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock's performance over various periods shows significant underperformance, with a year-to-date decline of 51.47% compared to a positive return of 8.36% for the benchmark Sensex.
In the broader market context, while the Sensex has shown a slight increase of 0.96% over the past week, Vedavaag Systems has declined by 3.51% in the same timeframe. This stark contrast highlights the stock's struggles relative to the overall market. Despite a rise in investor participation, as evidenced by a 25.45% increase in delivery volume, the stock's high volatility and trading below moving averages suggest a lack of confidence among investors. The liquidity of the stock remains adequate for trading, but the prevailing negative sentiment and poor performance metrics contribute to its ongoing decline.