Why is Veejay Lak. Eng. falling/rising?

As of 29-Aug, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at 59.00, reflecting a decrease of 0.5 or 0.84%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 7.78%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite outperforming its sector by 1.55% today, the stock has shown significant negative returns over various periods, including a 1-month decline of 6.04% and a year-to-date drop of 33.67%. The company faces challenges such as operating losses and a weak long-term fundamental strength, indicated by a high Debt to EBITDA ratio and poor growth metrics.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.84% over the past week and 1.88% over the past month, suggesting that while Veejay Lakshmi's performance is poor, it is not entirely isolated from the market trends. The textile machinery sector has also faced a downturn, falling by 2.86%. The stock's liquidity appears adequate, with a notable increase in delivery volume, indicating rising investor participation despite the overall negative sentiment surrounding the company's financial health and performance.