Why is VMS Industries falling/rising?

As of 30-Sep, VMS Industries Ltd's stock price is currently at Rs 33.22, reflecting a decline of Rs 1.62 or 4.65%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.41% during this period. Today, it opened with a loss of 3.82% and reached an intraday low of Rs 33.1, indicating significant selling pressure. The stock is trading below all its moving averages, and investor participation has decreased sharply, with delivery volume dropping by 46.9% compared to the five-day average. Additionally, the company has reported a substantial decline in net sales and profits over the past year, contributing to a negative sentiment around the stock.
In the broader market context, VMS Industries has underperformed relative to the Sensex, which has seen a slight decline of 2.23% over the past week while VMS gained 1.84%. However, over the last year, VMS's return of -36.36% starkly contrasts with the Sensex's decline of only 4.78%. This significant underperformance, coupled with weak long-term fundamentals such as a low return on equity and high promoter share pledging, has created a negative outlook for the stock. The overall market conditions, alongside the company's financial struggles, have led to a lack of investor confidence, further exacerbating the stock's decline.