Why is Veejay Lak. Eng. falling/rising?

As of 12-Aug, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at Rs 62.12, reflecting a decrease of 5.38 (-7.97%). The stock opened with a loss of 5.19% today and reached an intraday low of Rs 62, marking an overall underperformance against its sector by 7.51%. Over the past week, the stock has fallen by 5.91%, while it has shown a significant decline of 45.36% over the past year. The company is facing operating losses, with a negative EBITDA and a high Debt to EBITDA ratio, indicating weak long-term fundamental strength. Additionally, the delivery volume has drastically decreased by 94.05% compared to the 5-day average, suggesting falling investor participation.
In the broader market context, while the Sensex has only decreased by 0.59% over the past week, Veejay Lakshmi Engineering Works Ltd's performance has been considerably worse, indicating a significant divergence from the benchmark. The stock's year-to-date performance is also concerning, with a decline of 30.16% compared to the Sensex's increase of 2.68%. This stark contrast highlights the company's struggles, particularly in light of its flat results reported in June and the overall negative sentiment surrounding its financial health.