Why is Veejay Lak. Eng. falling/rising?

As of 25-Aug, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at Rs 58.00, which reflects a decrease of 2.0 (-3.33%). The stock has underperformed its sector by 3.17% today and has been on a downward trend for the last two days, accumulating a total drop of 6.84%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant decline of 13.39%, and its year-to-date performance shows a staggering drop of 34.79%. The company is facing operational challenges, including negative EBITDA and poor long-term growth metrics, which contribute to its weak fundamental strength and increased risk perception among investors.
In the broader market context, while the Sensex has shown a slight increase of 0.45% over the past week, Veejay Lakshmi Engineering Works Ltd's performance starkly contrasts this trend. The stock's significant underperformance over various time frames, including a 40.14% decline over the past year, highlights its struggles relative to the benchmark. The company's operating losses and high debt-to-EBITDA ratio further exacerbate its situation, leading to a lack of investor confidence and participation, as evidenced by a 68.43% drop in delivery volume. Overall, these factors indicate a challenging environment for the stock, resulting in its continued decline.