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

As of 19-Sep, Venkys (India) Ltd's stock price is currently at 1,519.00, reflecting a decrease of 9.15 points or 0.6%. The stock has experienced a trend reversal, falling after two consecutive days of gains, and has traded within a narrow range of Rs 9.1. Although the stock has shown a positive return of 2.44% over the past week and 7.72% over the past month, it has significantly underperformed over the longer term, with a year-to-date decline of 16.44% and a one-year drop of 32.22%. The company's low debt-to-equity ratio and fair valuation metrics are somewhat overshadowed by its poor long-term growth prospects, as evidenced by a 57.5% decline in profits over the past year.
In the broader market context, while Venkys has outperformed the Sensex in the short term, the stock's consistent underperformance over the last three years, coupled with negative quarterly results, raises concerns among investors. The fact that domestic mutual funds hold only a minimal stake in the company suggests a lack of confidence in its future performance. This sentiment is further reinforced by the stock trading at a premium compared to its peers, despite its declining profitability and growth rates. Overall, these factors contribute to the stock's current downward movement, reflecting investor caution amid a backdrop of weak financial performance.