Why is VL E-Governance falling/rising?

As of 16-Sep, VL E-Governance & IT Solutions Ltd is experiencing a decline in its stock price, currently at Rs 34.59, which reflects a decrease of 2.0 (-5.47%). The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total return of -7.36% during this period. Today's trading has shown high volatility with an intraday volatility of 5.65%, and the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant growth in net sales over the last six months, the company faces weak long-term fundamentals, including a negative EBITDA and a poor ability to service its debt, which contributes to the stock's downward movement. In the broader market context, the stock's performance over the past week shows a slight increase of 0.41%, while the benchmark Sensex has risen by 1.58%. However, over the last month, VL E-Governance has seen a substantial decline of 13.81%, contrasting sharply with the Sensex's increase of 2.21%. The stock's long-term performance is also concerning, with a staggering year-to-date decline of 81.14% compared to the Sensex's gain of 5.43%. This underperformance, coupled with falling investor participation and liquidity issues, indicates a challenging environment for the stock, reinforcing its status as a strong sell.