Why is Veejay Lak. Eng. falling/rising?

As of 20-Aug, Veejay Lakshmi Engineering Works Ltd is currently priced at 62.06, reflecting a slight increase of 0.05 or 0.08%. The stock has shown mixed performance recently, underperforming the sector by 1.82% today, despite being higher than the 50-day and 100-day moving averages. Over the past week, the stock has declined by 0.78%, while it has gained 5.20% over the last month. However, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, indicated by a high Debt to EBITDA ratio and negative EBITDA. The stock's performance over the past year has been particularly poor, with a return of -39.69%, which is substantially worse than the broader market's decline of -1.20%.
In the broader market context, the textile machinery sector has gained by 2%, suggesting that the overall industry is performing better than Veejay Lakshmi Engineering Works Ltd. The stock's recent price movement reflects a lack of investor confidence, exacerbated by flat results in the latest quarter and a low ability to service debt. While there has been a rise in delivery volume, indicating some increased investor participation, the overall sentiment remains cautious due to the company's financial struggles and underperformance relative to both the sector and the market.