Why is Veejay Lak. Eng. falling/rising?

As of 29-Jul, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at 62.79, reflecting a decrease of 0.7 or 1.1%. The stock has underperformed its sector today by 1.02% and has seen a trend reversal after two consecutive days of gains. Additionally, the stock's performance over the past week shows a slight decline of 0.29%, while it has increased by 14.16% over the past month. However, the stock has faced significant challenges, including an operating loss and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. The recent negative financial results, including a substantial drop in PAT and net sales, further exacerbate the stock's downward pressure.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark Sensex, which has declined by 1.03% over the same week. However, the stock's year-to-date performance is notably poor, with a decline of 29.41%, contrasting with the Sensex's increase of 4.09%. This underperformance is compounded by a significant drop in investor participation, as evidenced by a 28.48% decrease in delivery volume compared to the five-day average. Overall, while the stock has shown some recovery in the short term, its long-term outlook remains bleak, leading to its current decline.