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

As of 22-Aug, Venkys (India) Ltd's stock price is currently at 1,503.80, reflecting an increase of 20.8, or 1.4%. The stock has been gaining momentum, with a consecutive gain over the last three days, resulting in a total return of 6.64% during this period. It outperformed its sector by 2.06% today and reached an intraday high of Rs 1550, indicating positive investor sentiment. However, despite this recent uptick, the stock has underperformed significantly over the longer term, with a year-to-date decline of 17.28% and a staggering 33.89% drop over the past year. The company's low Debt to Equity ratio and fair valuation metrics are somewhat overshadowed by its declining profits, which have fallen by 57.5% over the past year, contributing to a cautious outlook among investors.
In the broader market context, Venkys (India) has shown a strong short-term performance compared to the benchmark, with a 6.65% increase over the past week against the Sensex's 0.88% rise. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years, with a return of -33.89% compared to the Sensex's modest gain of 0.31% in the same period. The lack of significant domestic mutual fund investment, holding only 0.01% of the company, suggests a lack of confidence in the stock's future potential, which may further impact its price movements.