Why is Veto Switchgears falling/rising?

As of 03-Nov, Veto Switchgears & Cables Ltd is experiencing a decline in its stock price, currently at 119.00, reflecting a decrease of 1.85 points or 1.53%. The stock has underperformed its sector by 1.69% today and has been on a downward trend for the last three days, accumulating a total decline of 3.05%. Over the past week, the stock has decreased by 2.50%, while its one-month performance shows a slight increase of 0.21%. Despite a strong ability to service debt indicated by a low Debt to EBITDA ratio of 0.81 times and an attractive valuation with a Price to Book Value of 0.9, the stock has faced significant challenges, including a year-to-date decline of 10.22% and a one-year drop of 14.45%, despite a 17.8% increase in profits.
In the broader market context, Veto Switchgears' recent performance contrasts sharply with the Sensex, which has gained 3.41% over the past month and 7.47% year-to-date. The stock's recent struggles are further highlighted by a significant drop in investor participation, with delivery volume falling by 69.18% against the five-day average, indicating reduced interest among investors. While the stock is trading above its longer-term moving averages, it remains below its shorter-term averages, suggesting a lack of momentum. Overall, the combination of declining stock performance, reduced investor engagement, and underperformance relative to the benchmark contributes to the stock's current downward trajectory.