Why is Veritas (India) falling/rising?

As of 28-Oct, Veritas (India) Ltd is experiencing a decline in its stock price, currently at Rs 303.75, which reflects a decrease of Rs 2.3 or 0.75%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 2.69%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.28% away from Rs 299.85. Over the past month, Veritas has seen a significant drop of 14.51%, and year-to-date, it has plummeted by 64.96%. There is a notable decrease in investor participation, with delivery volume dropping by 50.72% compared to the 5-day average, which suggests waning interest in the stock.
In the broader market context, the Sensex has shown a positive return of 0.24% over the past week and a 5.22% increase over the past month, contrasting sharply with Veritas's negative performance. This divergence highlights the stock's struggles relative to the overall market, where it has underperformed significantly on both short-term and long-term scales, with a year-over-year decline of 68.68% compared to the Sensex's 5.78% gain. The liquidity of Veritas remains adequate for trading, but the overall sentiment appears to be negative, contributing to the stock's downward trajectory.