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

As of 07-Nov, Venkys (India) Ltd's stock price is currently at Rs. 1,392.75, reflecting a decline of Rs. 128.35, or 8.44%. The stock has hit a new 52-week low of Rs. 1,387 today and has underperformed its sector by 8.04%. Over the past week, the stock has decreased by 8.03%, and it has shown a significant decline of 23.39% year-to-date. The company's recent financial performance has been troubling, with a reported net profit after tax of Rs. -26.53 crore, marking a drastic fall of 285.3% compared to the previous four-quarter average. Additionally, the stock is trading below all key moving averages and has experienced a notable drop in investor participation, with delivery volume falling by 49.63% against the five-day average.
In the broader market context, Venkys (India) has consistently underperformed against the benchmark, with a 1-year return of -19.65% compared to the Sensex's 4.62% gain. This trend of underperformance has persisted over the last three years, further indicating poor long-term growth potential. The company's low debt-to-equity ratio and fair valuation metrics do not seem to attract investor confidence, as evidenced by the minimal stake held by domestic mutual funds. The combination of high volatility, declining sales growth, and negative quarterly results contributes to the stock's downward trajectory, making it less appealing in the current market environment.