Why is VIP Clothing falling/rising?

As of 30-Sep, VIP Clothing Ltd is experiencing a decline in its stock price, currently at 33.70, which reflects a decrease of 0.36 or 1.06%. The stock has been underperforming, having lost 16.63% over the last seven days, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's performance over various periods shows significant underperformance, with a year-to-date decline of 28.30% compared to a 2.72% increase in the Sensex. Although there has been a rise in investor participation, with delivery volume increasing by 47.8% against the 5-day average, the overall sentiment remains negative, contributing to the stock's recent downward movement.
In the broader market context, VIP Clothing's short-term performance has been notably worse than the benchmark, with a 1-week return of -14.25% compared to the Sensex's -2.23%. This stark contrast indicates that while the market has faced some challenges, VIP Clothing has struggled significantly more. The stock's liquidity appears adequate for trading, but the persistent decline and underperformance against the sector suggest a lack of investor confidence, which is likely influencing the stock's current trajectory.