Why is VMS Industries falling/rising?

As of 24-Sep, VMS Industries Ltd's stock price is currently at Rs 34.24, reflecting an increase of Rs 1.62 or 4.97%. The stock has shown a performance today that outperformed its sector by 5.94%, reaching an intraday high of Rs 34.25. However, despite this positive movement, the stock has underperformed in the short term with a 1-week return of -2.45% compared to the Sensex's -1.18%. The stock's returns over the past year have been significantly negative at -36.83%, indicating ongoing challenges. The company's return on equity (ROE) stands at 6.9, which, while indicating an attractive valuation with a price to book value of 0.9, is overshadowed by weak long-term fundamentals and a decline in profits by -2.1% over the past year.
Broader market context shows that while VMS Industries has seen a slight uptick today, its year-to-date performance remains concerning with a decline of -15.25%, contrasting sharply with the Sensex's gain of 4.58%. The stock's liquidity is adequate for trading, but a significant drop in delivery volume by 53% against the 5-day average suggests waning investor interest. Additionally, the high percentage of pledged promoter shares (53%) raises concerns about the stock's stability in a falling market, further contributing to its underperformance relative to the broader market, which has seen a negative return of -5.32% over the last year.