Why is Veejay Lak. Eng. falling/rising?

As of 26-Aug, Veejay Lakshmi Engineering Works Ltd is experiencing a price increase, currently at Rs 63.98, reflecting a rise of Rs 5.98 or 10.31%. Today, the stock has outperformed its sector by 12.94% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 64. Despite this positive movement, the stock has a concerning long-term outlook due to operating losses and a high Debt to EBITDA ratio, indicating a weak ability to service debt. Over the past year, the stock has underperformed significantly, with a return of -32.65%, while the market has only fallen by -1.12%.
In the broader market context, the stock's short-term performance over the past week shows a gain of 3.18%, contrasting with the Sensex, which has declined by 1.05%. This indicates that Veejay Lakshmi Engineering Works Ltd is currently gaining traction relative to the benchmark. However, the overall market sentiment remains cautious due to the company's weak long-term fundamentals and declining investor participation, as evidenced by a significant drop in delivery volume. The stock's high volatility today, with an intraday fluctuation of 5.79%, further reflects the uncertainty surrounding its future performance.