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

As of 02-Sep, Venkys (India) Ltd's stock price is currently at Rs 1,496.85, reflecting an increase of Rs 31.55 or 2.15%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline, outperforming its sector by 0.67%. The stock reached an intraday high of Rs 1509.1, showing a 2.99% increase. However, despite this short-term gain, the stock has underperformed over the past year with a return of -35.06%, and its profits have significantly declined by 57.5%. The company maintains a low debt-to-equity ratio, but it is trading at a premium compared to its peers, which may affect investor sentiment negatively.
In the broader market context, Venkys (India) has shown a slight positive return of 0.39% over the past week, while the benchmark Sensex has decreased by 0.78%. This indicates that the stock is performing relatively better than the market in the short term. However, over the longer term, Venkys has consistently underperformed against the benchmark, with a year-to-date return of -17.66% compared to the Sensex's increase of 2.58%. The lack of significant domestic mutual fund investment may also reflect a lack of confidence in the company's long-term growth prospects, further contributing to the stock's volatility.