Why is Veejay Lak. Eng. falling/rising?

As of 19-Nov, Veejay Lakshmi Engineering Works Ltd is experiencing a decline in its stock price, currently at 49.90, which reflects a decrease of 0.6 or 1.19%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 7.56% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant increase in delivery volume by 345.99% compared to the 5-day average, the overall performance remains negative, with the stock underperforming its sector by 1.52%. Year-to-date, the stock has declined by 43.90%, contrasting sharply with the Sensex, which has gained 9.02%.
In the broader market context, Veejay Lakshmi Engineering Works Ltd's short-term performance is notably weaker than the benchmark, as it has declined by 13.19% over the past week while the Sensex has increased by 0.85%. This stark contrast highlights the stock's struggles relative to the overall market. The lack of available positive or negative factors further complicates the understanding of the stock's recent movements, as there are no specific insights to indicate potential catalysts for recovery or further decline.