Why is VL E-Governance falling/rising?

As of 25-Jul, VL E-Governance & IT Solutions Ltd is experiencing a decline in its stock price, currently at 47.86, reflecting a decrease of 0.9 or 1.85%. The stock has underperformed its sector today by 0.38% and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.6%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company's financial health is concerning, with significant operating losses and a weak long-term growth outlook, as evidenced by a staggering annual decline in net sales of 79.50% and an operating profit drop of 123.70% over the past five years. The negative EBITDA and poor ability to service debt further exacerbate investor sentiment, leading to a lack of confidence reflected in the absence of domestic mutual fund investments.
In the broader market context, while the Sensex has shown a slight decline of 0.36% over the past week, VL E-Governance's performance has been significantly worse, with a 2.03% drop in the same period. Over the past year, the stock has underperformed the market considerably, with a return of -43.15% compared to the benchmark's negative return of only -0.19%. This stark contrast highlights the company's struggles relative to the overall market, contributing to the ongoing decline in its stock price.