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

As of 05-Sep, Venkys (India) Ltd is experiencing a decline in its stock price, currently at 1,493.95, reflecting a decrease of 10.5 points or 0.7%. The stock has been losing value for the last two days, with a total return of -1.26% during this period. Although it is performing inline with its sector today, the stock has shown a significant underperformance over the past year, with a return of -40.77%. Key financial indicators reveal that the company has a low debt-to-equity ratio and a fair valuation, but its profits have fallen by 57.5%, contributing to the stock's negative momentum. Additionally, domestic mutual funds hold only a minimal stake in the company, suggesting a lack of confidence in its current valuation.
In the broader market context, Venkys' short-term performance of +1.65% over the past week outpaces the benchmark Sensex, which has gained 1.13%. However, the stock's long-term performance remains concerning, with a year-to-date decline of -17.82% compared to the Sensex's increase of 3.29%. The consistent underperformance against the benchmark over the last three years, coupled with poor growth indicators such as a 3.04% annual growth rate in net sales and significant declines in profit metrics, further underscores the challenges facing Venkys (India) Ltd in the current market environment.