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

As of 03-Sep, Venkys (India) Ltd is experiencing a price increase, currently at 1,513.00, reflecting a rise of 16.15 or 1.08%. The stock has shown positive momentum, gaining 3.26% over the last two days and outperforming its sector by 1.56% today. It opened with a gain of 2.42% and reached an intraday high of Rs 1,533. However, despite this short-term gain, the stock has a troubling long-term performance, with a year-to-date decline of 16.77% and a significant drop of 36.59% over the past year. The company's low debt-to-equity ratio and fair valuation are overshadowed by a substantial decline in profits, which fell by 57.5% over the past year, contributing to a negative outlook.
In the broader market context, Venkys has underperformed against the benchmark Sensex, which has gained 3.11% year-to-date, while Venkys has seen a decline of 16.77%. The stock's recent performance contrasts with the benchmark's slight decline of 0.27% over the past week, indicating that while Venkys has shown some short-term resilience, it continues to struggle against broader market trends. Additionally, the falling investor participation, as evidenced by a 13.76% drop in delivery volume, suggests a lack of confidence among investors, further complicating the stock's recovery prospects.