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

As of 24-Sep, Venkys (India) Ltd is experiencing a decline in its stock price, currently at 1,484.70, which reflects a decrease of 10.0 points or 0.67%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 2.84% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -30.74%, significantly underperforming against the benchmark, which has only declined by 3.77%. The company's low debt-to-equity ratio and fair valuation are overshadowed by a substantial drop in profits, which have fallen by 57.5%, contributing to the stock's negative momentum.
In the broader market context, Venkys (India) has underperformed compared to the Sensex, with a 1-week return of -1.94% against the benchmark's -1.18%. The stock's liquidity appears to be decreasing, as indicated by a 38.28% drop in delivery volume compared to the 5-day average. The consistent underperformance against the benchmark over the last three years, coupled with a lack of confidence from domestic mutual funds, which hold only 0.01% of the company, suggests a broader market skepticism regarding the company's growth prospects. Overall, these factors contribute to a negative outlook for Venkys (India) Ltd, reinforcing its status as a strong sell.