Why is Nestle India falling/rising?

As of 31-Jul, Nestle India Ltd's stock price is currently at 2,249.45, reflecting an increase of 17.55 (0.79%). Despite this recent uptick, the stock has underperformed its sector by 1.04% today and has shown a decline of 6.67% over the past month. The stock has been gaining for the last two days, with a total return of 0.92% during this period. However, it is trading below its moving averages across all timeframes, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 58.68% compared to the five-day average. While the company boasts high management efficiency and strong debt servicing capabilities, it faces challenges such as poor long-term growth and a high valuation compared to peers, which may be contributing to its recent price movements.
In the broader market context, Nestle India's short-term performance has been weaker than the benchmark, with a one-week return of -3.05% compared to the Sensex's -1.22%. Although the stock has shown positive year-to-date returns of 3.60%, it has underperformed the benchmark over the last year, generating a return of -8.64% against the Sensex's -0.68%. This underperformance, coupled with negative financial results and a high enterprise value to capital employed ratio, suggests that while there may be short-term gains, the overall sentiment around the stock remains cautious due to its long-term growth prospects and valuation concerns.