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

As of 20-Aug, Venkys (India) Ltd's stock price is currently at Rs 1,426.10, reflecting an increase of Rs 15.95, or 1.13%. Despite this uptick, the stock has shown significant underperformance, with a 1-week return of -0.40% and a 1-month return of -10.65%. The stock is trading close to its 52-week low, just 2.18% away from Rs 1,395, and is underperforming its sector by 1.12%. Additionally, Venkys is trading below all key moving averages, indicating a bearish trend. The company's financials reveal a low debt-to-equity ratio and a fair valuation, but it has suffered a substantial profit decline of 57.5% over the past year, contributing to its negative performance.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.64% over the past week and 0.12% over the past month. This consistent underperformance against the benchmark has been evident over the last three years, with Venkys generating -38.68% returns compared to the Sensex's positive growth. The lack of investor confidence is further highlighted by the minimal stake held by domestic mutual funds, suggesting a lack of comfort with the stock's valuation or business prospects. Overall, while there is a slight increase in the stock price today, the underlying factors indicate a challenging outlook for Venkys (India) Ltd.