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

As of 04-Sep, Venkys (India) Ltd is experiencing a decline in its stock price, currently at 1,504.45, down by 8.55 points or 0.57%. The stock has underperformed its sector by 1.32% today and has fallen after two consecutive days of gains. Although it has shown a positive return of 1.72% over the past week, it has significantly underperformed over the longer term, with a year-to-date decline of 17.24% and a staggering 38.31% drop over the past year. The company's financials indicate a fair valuation with a low debt-to-equity ratio; however, its profits have plummeted by 57.5% over the past year, contributing to the stock's negative performance. Additionally, domestic mutual funds hold only a minimal stake in the company, which may reflect a lack of confidence in its valuation or business prospects.
In the broader market context, the Sensex has increased by 0.80% over the past week, contrasting with Venkys' 1.72% gain, indicating that while the stock has performed better than the benchmark in the short term, it has consistently underperformed over longer periods, including a 38.31% decline in the last year compared to the Sensex's 3.30% gain. This consistent underperformance against the benchmark, coupled with negative financial results and low investor confidence, suggests that the stock's recent decline is influenced by both company-specific challenges and a broader market environment that favors other investments.