Why is Veritas (India) falling/rising?

As of 03-Nov, Veritas (India) Ltd is experiencing a decline in its stock price, currently at Rs. 284.05, which represents a decrease of Rs. 5.75 or 1.98%. The stock has hit a new 52-week low today and has been on a downward trend, losing value for the last six consecutive days, resulting in a total decline of 9% during this period. Additionally, the stock has underperformed its sector by 3.22%. Over the past week, Veritas has seen a significant drop of 7.19%, and its year-to-date performance shows a staggering decline of 67.23%. The stock is currently trading below all key moving averages, indicating a bearish trend. There is a notable rise in investor participation, with delivery volume increasing by 92.45% compared to the five-day average, suggesting some interest despite the overall negative performance.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 3.41% over the past month, Veritas (India) has significantly underperformed, with a monthly decline of 14.79%. This stark contrast highlights the challenges faced by Veritas in the current market environment, as it struggles to attract investor confidence amidst its substantial losses. The broader market appears to be on a recovery path, while Veritas continues to face downward pressure, further exacerbating its relative weakness.