Why is Veranda Learning falling/rising?

As of 24-Jul, Veranda Learning Solutions Ltd is experiencing a decline in its stock price, currently at Rs 230.40, which reflects a decrease of Rs 14.1 or 5.77%. The stock has underperformed its sector by 4.41% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 5.96% during this period. The stock's performance over the past week shows a significant drop of 13.69%, while it has also underperformed over the past year with a return of -19.51%. Contributing to this decline are several negative factors, including a high debt-to-equity ratio of 17.36 times, weak long-term growth with operating profits decreasing at an annual rate of -21.32%, and a concerning debt-to-EBITDA ratio of 6.63 times. Additionally, 36.23% of promoter shares are pledged, which can exert further downward pressure in a falling market.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has significantly underperformed the BSE500, which has generated a return of 0.99% over the past year. While the stock has shown some positive movement over the past month with a return of 16.36%, the overall trend remains negative, particularly in light of the high volatility indicated by a wide trading range of Rs 23.45 and a notable drop in investor participation, with delivery volume decreasing by 39.57% against the five-day average. This combination of factors suggests that investor confidence is waning, contributing to the stock's current decline.