Why is VL E-Governance falling/rising?

As of 30-Sep, VL E-Governance & IT Solutions Ltd is experiencing a decline in its stock price, currently at Rs. 27.35, which represents a decrease of Rs. 1.13 or 3.97%. The stock has been underperforming significantly, with a new 52-week low of Rs. 27.06 reached today. It has fallen consecutively for the last four days, resulting in a total decline of 16.18% during this period. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Investor participation has also decreased, with delivery volume dropping by 31.19% compared to the five-day average, suggesting waning interest among investors.
In the broader market context, the stock's performance over the past week shows a decline of 15.59%, while the benchmark Sensex has only decreased by 2.23%. Over the past month, VL E-Governance has fallen by 19.32%, contrasting sharply with the Sensex's modest gain of 0.57%. Year-to-date, the stock has plummeted by 85.09%, while the Sensex has increased by 2.72%. This stark difference highlights the stock's significant underperformance relative to the broader market, contributing to the negative sentiment surrounding it.