Why is Nestle India falling/rising?

As of 28-Jul, Nestle India Ltd is experiencing a decline in its stock price, currently at Rs 2,231.45, which represents a decrease of Rs 45.4 or 1.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.02% during this period. Today's performance reflects a significant drop, with the stock trading below all its moving averages and touching an intraday low of Rs 2,224. Additionally, the stock has underperformed the sector by 2.1%. Over the past week, it has seen a return of -9.76%, while the one-month return stands at -9.25%. Despite a high management efficiency indicated by a ROCE of 162.49% and strong institutional holdings at 21.47%, the stock faces challenges due to poor long-term growth and negative quarterly results, including a significant drop in PAT.
In the broader market context, Nestle India's recent performance contrasts sharply with the benchmark Sensex, which has declined by only 1.59% over the past week and 3.77% over the last month. This underperformance highlights the stock's struggles relative to the market. The company's valuation appears expensive compared to its peers, with a high enterprise value to capital employed ratio, which may deter potential investors. Furthermore, the stock's negative returns over the past year, coupled with a decline in profits, suggest a lack of confidence among investors, contributing to its current downward trajectory.