Why is Veejay Lak. Eng. falling/rising?

As of 21-Aug, Veejay Lakshmi Engineering Works Ltd is currently priced at 62.26, reflecting a slight increase of 0.2 or 0.32%. The stock has shown a positive movement, gaining 0.4% over the past week and has been on a consecutive gain for the last two days. However, despite this recent uptick, the stock has underperformed significantly over the longer term, with a year-to-date decline of 30.01% and a one-year drop of 38.26%. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. Additionally, the stock's liquidity is adequate, but there has been a notable decrease in investor participation, as evidenced by a 19.65% drop in delivery volume compared to the five-day average.
In the broader market context, while the Sensex has increased by 1.74% over the past week, Veejay Lakshmi Engineering Works Ltd's performance has been relatively flat, indicating a divergence from the benchmark. The stock's performance has been particularly poor over the last year, where it has significantly underperformed the market, which saw a decline of only 1.56%. This stark contrast highlights the company's struggles, as it has not only failed to keep pace with market trends but has also faced substantial losses, making it a risky investment compared to its historical valuations.