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

As of 25-Aug, Venkys (India) Ltd is experiencing a decline in its stock price, currently at 1,493.70, which reflects a decrease of 10.1 points or 0.67%. The stock has underperformed its sector today by 0.54% and has shown a trend reversal after three consecutive days of gains. Although it has performed positively over the past week with a return of 5.89%, it has struggled in the longer term, with a year-to-date decline of 17.83% and a staggering 33.44% drop over the past year. The company has a low debt-to-equity ratio, but its return on equity (ROE) of 3.9 indicates fair valuation, albeit with a significant profit decline of 57.5% over the past year. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has only increased by 0.45% over the past week. However, the long-term outlook remains bleak, as Venkys has consistently underperformed against the benchmark over the last three years, with negative returns in each of the last three annual periods. The recent drop in investor participation, with a 26.71% decrease in delivery volume, further highlights the lack of confidence among investors. Domestic mutual funds holding only 0.01% of the company suggests a lack of comfort with the stock's valuation, contributing to its ongoing struggles in the market.