Why is Venky's (India) falling/rising?

As of 01-Aug, Venkys (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,499.00, which reflects a decrease of Rs 15.9 or 1.05%. The stock is trading very close to its 52-week low, just 0.01% away, and has underperformed its sector by 1.75% today. Over the past week, the stock has dropped by 3.32%, and it has shown a significant decline of 24.66% over the past year, indicating consistent underperformance against the benchmark. Despite a healthy long-term growth in operating profit at an annual rate of 34.65%, the stock's performance has been hindered by flat results in recent quarters, with a notable drop in profit before tax and a high percentage of non-operating income affecting overall profitability.
In the broader market context, Venkys (India) has underperformed the Sensex, which has seen a modest decline of 1.06% over the past week, while Venkys has dropped more significantly. The stock's liquidity appears adequate for trading, but a notable decrease in delivery volume suggests falling investor participation, which may further pressure the stock price. Additionally, the low stake held by domestic mutual funds raises concerns about investor confidence in the company's valuation and future prospects. Overall, the combination of poor recent financial results, significant underperformance relative to benchmarks, and declining investor interest contributes to the stock's downward movement.