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

As of 11-Aug, Venkys (India) Ltd's stock price is currently at Rs 1,470.00, reflecting a decrease of Rs 37.9 or 2.51%. The stock has underperformed its sector by 3.1% today, with an intraday low of Rs 1,465, which is only 2.37% above its 52-week low of Rs 1,435.1. Over the past week, the stock has declined by 2.00%, and it has seen a significant drop of 36.91% over the past year, while its profits have fallen by 57.5%. The company has a low debt-to-equity ratio, but it is trading at a premium compared to its peers' historical valuations. The stock's consistent underperformance against benchmarks, along with negative quarterly results, contributes to the downward pressure on its price.
In the broader market context, Venkys (India) has shown a negative return of 8.06% over the past month, while the benchmark Sensex has only declined by 2.30%. This indicates that the stock is not only underperforming relative to the market but also struggling significantly in comparison to its peers. The lack of confidence from domestic mutual funds, which hold only 0.01% of the company, suggests that institutional investors may be wary of the stock's valuation and growth prospects. Overall, the combination of poor financial performance, declining sales growth, and negative investor sentiment has led to the stock's recent decline.