Why is Veejay Lak. Eng. falling/rising?

As of 24-Sep, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at 52.00, which reflects a decrease of 0.78 or 1.48%. The stock has underperformed its sector by 0.27% today and has been on a downward trend for the last two days, accumulating a total loss of 4.06%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company is facing significant challenges, including operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. The recent financial results show a negative EBITDA and the lowest operating profit to net sales ratio, further exacerbating the stock's poor performance.
In the broader market context, Veejay Lakshmi's short-term return over the past week is a decline of 4.50%, compared to a slight decrease of 1.18% in the Sensex, indicating that the stock is underperforming relative to the benchmark. Over the past month, the stock has dropped 13.33%, while the Sensex has gained 0.50%. This stark contrast highlights the stock's struggles, particularly as it has generated a negative return of 10.93% over the past year, while the benchmark has only declined by 3.77%. The overall market conditions do not appear to favor Veejay Lakshmi, as it continues to face challenges that hinder its recovery and growth potential.