Why is Veejay Lak. Eng. falling/rising?

As of 24-Jul, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at Rs 60.26, reflecting a decrease of Rs 1.18 or 1.92%. The stock has been underperforming, having fallen for the last two consecutive days, resulting in a total decline of 4.3%. Today's trading saw the stock reach an intraday high of Rs 63.99 but also dip to a low of Rs 60.11. Additionally, the stock has shown a mixed performance over various periods, with a 7.61% increase over the past week, but a significant year-to-date decline of 32.25%. The company is facing challenges, including operating losses and a weak long-term fundamental strength, as indicated by a high Debt to EBITDA ratio and negative quarterly results.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.09% over the past week. While Veejay Lakshmi Engineering Works Ltd has outperformed the Sensex in the short term, its long-term performance remains concerning, with a 43.47% drop in the last year compared to a 2.54% increase in the Sensex. The stock's liquidity is adequate for trading, but falling investor participation, as evidenced by a 75.13% drop in delivery volume, suggests waning interest. Overall, the combination of poor financial results and negative investor sentiment contributes to the stock's downward trajectory.