Why is Veranda Learning falling/rising?

As of 02-Jul, Veranda Learning Solutions Ltd is experiencing a decline in its stock price, currently at Rs 196.00, which reflects a decrease of Rs 4.75 or 2.37%. The stock has underperformed its sector by 3.79% today and has fallen after three consecutive days of gains. It reached an intraday low of Rs 195.85, and it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.91%, and its performance over the last month shows a decline of 3.87%. The company's financial health is concerning, with a high debt-equity ratio of 17.36 times and negative operating profits, which have contributed to a significant drop in stock value, with a year-to-date decline of 17.49% and a one-year return of -26.30%.
In the broader market context, the Sensex has shown resilience, gaining 0.79% over the past week and 2.50% over the past month, contrasting sharply with Veranda's performance. This divergence highlights the company's struggles relative to the overall market. The high level of pledged promoter shares, at 36.23%, adds further pressure on the stock, particularly in a declining market. Additionally, the significant drop in delivery volume, which has fallen by 61.22% against the five-day average, suggests waning investor interest, further exacerbating the stock's downward trajectory. Overall, the combination of poor financial fundamentals, high debt levels, and negative market sentiment has led to the stock's current decline.