Why is Veekayem Fash. falling/rising?

As of 15-Oct, Veekayem Fashion & Apparels Ltd is experiencing a decline in its stock price, currently at 272.95, which reflects a decrease of 1.95 or 0.71%. The stock has underperformed its sector today by 1.69%, and its delivery volume has significantly dropped by 54.55% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 0.73%, and it has also shown a notable decline of 11.52% over the past month. Despite a strong performance year-to-date with a gain of 19.71%, the stock has underperformed over the last year, down 12.40%, while its 3-year return remains robust at 651.93%.
In the broader market context, the Sensex has shown a positive return of 1.11% over the past week and 1.01% over the past month, contrasting with Veekayem's negative performance during the same periods. This suggests that while the overall market is experiencing gains, Veekayem is lagging behind, which may be contributing to the stock's downward movement. The stock's current price is higher than its 100-day and 200-day moving averages but lower than its shorter-term moving averages, indicating mixed signals regarding its trend. Overall, the combination of declining investor interest and underperformance relative to the benchmark is likely influencing the stock's recent price decline.