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

As of 23-Sep, Venkys (India) Ltd's stock price is currently at 1,493.25, reflecting a decrease of 12.9 points or 0.86%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.28% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has generated a significant negative return of 31.89% over the past year, with profits plummeting by 57.5%. Despite a low debt-to-equity ratio and a fair valuation, the stock is trading at a premium compared to its peers, which may deter investors. The lack of confidence is further reflected in the minimal participation from domestic mutual funds, holding only 0.01% of the company, suggesting discomfort with the current price or business outlook.
In the broader market context, Venkys (India) has shown a slight positive return of 0.22% over the past week, while the benchmark Sensex has declined by 0.34%. However, this short-term outperformance is overshadowed by the stock's long-term underperformance, as it has consistently lagged behind the benchmark over the last three years, with a staggering 28.37% decline compared to the Sensex's 41.31% gain. The overall market sentiment appears to be cautious, especially given the company's poor long-term growth prospects and significant declines in key financial metrics, which contribute to the stock's downward movement.