Why is Veritas (India) falling/rising?

As of 07-Oct, Veritas (India) Ltd is experiencing a decline in its stock price, currently at Rs. 320.40, which reflects a decrease of Rs. 6.5 or 1.99%. The stock has hit a new 52-week low today and has been on a consecutive fall for the last 10 days, resulting in a total drop of 12.7% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 79.97% against the 5-day average, the stock has underperformed its sector by 0.51%. The stock's year-to-date performance shows a significant decline of 63.04%, and over the past year, it has fallen by 71.99%, highlighting ongoing challenges for the company.
In the broader market context, the Sensex has shown a positive return of 2.07% over the past week, contrasting sharply with Veritas's decline of 7.57% during the same period. This underperformance indicates that while the overall market is experiencing gains, Veritas is struggling significantly. The stock's long-term performance is also noteworthy, with a 3-year return of 153.28%, which is considerably higher than the Sensex's 40.79%, but the recent trends suggest that investor sentiment has soured, leading to the current price drop. Overall, the combination of poor recent performance, a new low, and negative short-term returns relative to the benchmark contributes to the stock's downward movement.