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

As of 17-Sep, Venkys (India) Ltd's stock price is currently at Rs 1,514.00, reflecting an increase of Rs 24.0 or 1.61%. Today's performance indicates that the stock has outperformed its sector by 1.94%, reaching an intraday high of Rs 1,520.95. Over the past week, the stock has shown a slight increase of 0.02%, while it has performed better over the last month with an 8.20% rise. However, the stock has faced significant challenges, with a year-to-date decline of 16.72% and a one-year drop of 33.89%. The company's low debt-to-equity ratio and fair valuation metrics do not fully offset the negative sentiment stemming from a 57.5% drop in profits over the past year and consistent underperformance against benchmarks.
Broader market context shows that while Venkys has seen a minor uptick recently, its long-term performance remains concerning, particularly with a three-year return of -29.04% compared to a 40.54% gain in the benchmark. The stock's liquidity appears adequate for trading, but a notable decline in investor participation, with a 34.1% drop in delivery volume, raises questions about sustained interest. Additionally, the minimal stake held by domestic mutual funds suggests a lack of confidence in the company's future prospects, further contributing to the stock's struggles in the broader market landscape.