Why is Veranda Learning falling/rising?

As of 03-Jul, Veranda Learning Solutions Ltd is experiencing a decline in its stock price, currently at Rs 194.60, which reflects a decrease of Rs 1.4 or 0.71%. The stock has underperformed its sector today by 2.03% and has been on a consecutive downward trend for the last two days, accumulating a total loss of 3.06%. Over the past week, the stock has decreased by 0.97%, and its year-to-date performance shows a significant decline of 18.08%. The company is currently trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.91% away from Rs 185.05. The company's high debt levels, with a debt-equity ratio of 17.36 times, and poor long-term growth, with operating profits declining at an annual rate of 21.32% over the last five years, contribute to its weak fundamental strength. Furthermore, 36.23% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a one-year return of -22.18% compared to the Sensex's gain of 4.07%. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles. The recent decline in investor participation, as evidenced by an 11.47% drop in delivery volume against the five-day average, further exacerbates the situation. Overall, the combination of high debt, negative operating profits, and a lack of investor confidence has led to the stock's current downward trajectory.