Why is Veljan Denison falling/rising?

As of 10-Nov, Veljan Denison Ltd is experiencing a decline in its stock price, currently at Rs 1,132.20, which represents a decrease of Rs 46.6 or 3.95%. The stock has been underperforming, having lost 7.19% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's performance today has underperformed its sector by 2.87%. The recent returns indicate a significant decline, with the stock down 6.17% over the past week and 8.48% over the past month, while it has seen a year-to-date decrease of 5.52% compared to a 6.91% increase in the benchmark index. There is no information available regarding positive or negative factors that could influence the stock's movement.
Broader Market Context: In the context of the broader market, Veljan Denison's short-term performance has been notably weaker than the benchmark, with the Sensex only declining by 0.53% over the past week and gaining 1.25% over the past month. This stark contrast highlights the stock's struggles relative to the market, as it has not only underperformed in the short term but also over the longer term, with a 1-year decline of 23.29% compared to the Sensex's 5.09% increase. The falling investor participation, indicated by a decrease in delivery volume, further suggests a lack of confidence among investors, contributing to the stock's downward trajectory.