Why is Nestle India falling/rising?

As of 11-Aug, Nestle India Ltd is currently priced at 1,106.70, reflecting an increase of 9.3 or 0.85%. Despite this uptick, the stock has shown a negative trend over the past week and month, with declines of 2.81% and 7.96%, respectively. It is also trading lower than its moving averages across various time frames, indicating a potential weakness in momentum. However, there has been a notable rise in investor participation, with delivery volume increasing by 110.23% compared to the 5-day average, which may suggest growing interest despite the overall negative performance. The company's high management efficiency, as indicated by a return on capital employed (ROCE) of 162.49%, and strong debt servicing capability with a low debt to EBITDA ratio of 0.16 times, provide a solid foundation. Nonetheless, the stock's long-term growth prospects appear poor, with operating profit growth at only 9.66% over the last five years and a significant decline in profit after tax in the most recent quarter.
In the broader market context, Nestle India's performance has lagged behind the benchmark, with a year-to-date return of 1.94% compared to the Sensex's 3.15%. The stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor caution. While the stock's current price movement shows a slight increase, the overall trend indicates a struggle to maintain momentum in a challenging market environment. The company's valuation appears expensive relative to its peers, further complicating its attractiveness to investors, especially given the recent negative financial results.