Why is Veejay Lak. Eng. falling/rising?

As of 27-Oct, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at Rs 54.68, which reflects a decrease of Rs 5.3 or 8.84%. Today's price summary indicates that the stock opened with a gain of 3.35% but subsequently fell to an intraday low of Rs 53.51, showcasing high volatility with an intraday range of Rs 9.58. Despite a positive performance over the past week and month, with returns of 3.17% and 6.80% respectively, the year-to-date performance remains significantly negative at -38.53%. The stock has also underperformed its sector by 10.94%, and while there has been a notable increase in delivery volume, the absence of specific positive or negative factors makes it challenging to pinpoint the exact reasons for the current decline.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.49% over the past week and 5.41% over the past month, Veejay Lakshmi Engineering Works Ltd's recent performance indicates a divergence, particularly in the short term. The stock's year-to-date decline of -38.53% starkly contrasts with the Sensex's positive return of 8.50%, highlighting a significant underperformance in the broader market context. The textile machinery sector has seen a gain of 2.16%, yet Veejay Lakshmi's inability to capitalize on this trend further emphasizes the challenges it faces amidst a recovering market.