Why is Veljan Denison falling/rising?

As of 30-Jul, Veljan Denison Ltd's stock price is currently at 1,162.85, reflecting a decrease of 32.25 points or 2.7%. The stock has underperformed its sector by 3.41% today, reaching an intraday low of Rs 1150, which is a decline of 3.77%. Over the past week, the stock has seen a return of -5.42%, while its performance over the last month is also negative at -5.07%. Year-to-date, the stock has decreased by 2.96%, and over the past year, it has significantly underperformed with a drop of 36.21%. Despite having a low debt-to-equity ratio, which is generally a positive factor, the stock's recent movement has been negatively impacted by falling investor participation, as evidenced by a 74.55% drop in delivery volume compared to the five-day average.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex declining only 1.50% over the past week and 2.54% over the past month. This stark contrast indicates that while the overall market has faced some downward pressure, Veljan Denison has struggled even more significantly. The company's performance year-to-date is also lagging behind the Sensex, which has gained 4.28% in the same timeframe. This combination of underperformance relative to the market and declining investor interest suggests that the stock's recent price movement is influenced by both company-specific challenges and broader market conditions.