Why is Veeram Securit. falling/rising?

As of 30-Jul, Veeram Securities Ltd is experiencing a slight decline in its stock price, currently at 8.74, with a change of -0.01, representing a decrease of 0.11%. The stock has been on a downward trend, losing value for the last four consecutive days and showing a total decline of 2.35% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the stock has underperformed against the benchmark Sensex over various periods, including a year-to-date decline of 11.72% compared to the Sensex's gain of 4.28%. While the company has an attractive valuation with a return on equity of 14.4 and a price-to-book value of 2.8, its operating losses and weak long-term fundamentals, including a poor EBIT to interest ratio, are contributing to the stock's negative performance.
In the broader market context, Veeram Securities Ltd's recent performance has been weaker than the benchmark, with a 1-week return of -2.13% compared to the Sensex's decline of 1.50%. This underperformance reflects broader challenges faced by the company, including significant operating losses and a low return on capital employed, which signify low profitability. Although the company has seen a 38.1% increase in profits over the past year, the negative results reported in March, including a substantial drop in profit before tax, have overshadowed these gains. The falling investor participation, evidenced by a decrease in delivery volume, further suggests a lack of confidence among investors, contributing to the stock's downward trajectory.