Why is Veer Energy falling/rising?

As of 11-Nov, Veer Energy & Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 15.47, which reflects a decrease of Rs 0.31 or 1.96%. The stock has underperformed its sector by 2.46% today and has been on a downward trend, losing value for the last two days with a total decline of 2.03%. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being only 3.68% away from Rs 14.9. In terms of performance over various periods, the stock has seen significant declines, with a year-to-date drop of 35.78% compared to a 7.34% increase in the benchmark Sensex.
In the broader market context, while the Sensex has shown a positive return of 0.49% over the past week, Veer Energy's stock has decreased by 4.74% in the same timeframe, highlighting its underperformance relative to the market. The falling investor participation, with a notable drop in delivery volume by 20.44% against the 5-day average, further suggests a lack of confidence among investors. This combination of poor recent performance, low liquidity, and negative sentiment contributes to the stock's current downward trajectory.