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

As of 16-Sep, Venkys (India) Ltd's stock price is currently at 1,490.00, reflecting a decrease of 9.8 points or 0.65%. The stock has underperformed its sector by 0.27% today, with moving averages indicating that it is higher than the 5-day and 20-day averages but lower than the 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 9.86% against the 5-day average. Over the past year, the stock has generated a return of -35.27%, while profits have plummeted by 57.5%. The company has a low debt-to-equity ratio, but it is trading at a premium compared to its peers, which may contribute to investor hesitation.
In the broader market context, Venkys' short-term return of +1.14% over the past week is lower than the Sensex's return of +1.58%, indicating a relative underperformance. The stock has consistently underperformed against the benchmark over the last three years, with a significant decline in returns compared to the BSE500. The lack of confidence from domestic mutual funds, which hold only 0.01% of the company, further suggests that investors may be wary of the stock's long-term growth potential, especially given its poor financial performance and negative results reported in recent quarters.