Why is Veljan Denison falling/rising?

As of 31-Jul, Veljan Denison Ltd's stock price is currently at 1,147.95, reflecting a decrease of 14.9 points or 1.28%. The stock opened the day with a significant loss of 4.45% and reached an intraday low of Rs 1082, which represents a decline of 6.95%. Despite this downturn, the stock outperformed its sector by 0.63% today, and there has been a notable increase in investor participation, with delivery volume rising by 159.37% against the 5-day average. Over the past week, the stock has seen a decline of 4.02%, and its year-to-date performance shows a decrease of 4.20%. However, the company maintains a low debt-to-equity ratio, which could be seen as a stabilizing factor amid the recent price movements.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.22% over the past week, Veljan Denison's performance has been worse, indicating that it is underperforming relative to the broader market. The stock's year-to-date performance is also notably weaker than the Sensex, which has gained 3.90% during the same period. This suggests that while the stock is facing specific challenges, it is also struggling against a backdrop of a generally more favorable market environment for other stocks.