Why is VXL Instruments falling/rising?

As of 28-Jul, VXL Instruments Ltd is experiencing a decline in its stock price, currently at Rs. 3.73, which represents a decrease of 0.15 or 3.87%. The stock has hit a new 52-week low of Rs. 3.71 today and has been on a downward trend, losing value for the past six consecutive days, resulting in a total decline of 25.1% during this period. Additionally, the stock has underperformed its sector by 0.75%. Over the past week, VXL Instruments has seen a significant drop of 21.31%, and its year-to-date performance shows a decline of 28.27%, contrasting sharply with the Sensex, which has gained 3.52% during the same timeframe. The stock is also trading below its moving averages across various timeframes, indicating a bearish trend.
In the broader market context, the IT - Hardware sector has also faced challenges, with a decline of 3.09%. While VXL Instruments has seen a notable increase in delivery volume, which rose by 580.82% against the 5-day average, this has not translated into positive price movement. The stock's performance is significantly lagging behind the Sensex, which has shown resilience with a 42.27% increase over the last three years, while VXL Instruments has decreased by 31.81% in the same period. This stark contrast highlights the difficulties VXL Instruments is facing relative to the overall market, contributing to its current price decline.