Why is Vindhya Telelink falling/rising?

As of 23-Sep, Vindhya Telelinks Ltd is currently priced at 1,490.00, reflecting a decrease of 5.6 or 0.37%. The stock has been underperforming, having lost 1.83% over the last two days and trading lower than its moving averages across various time frames. In the past year, the stock has generated a return of -38.61%, with profits declining by 8.4%. Despite having a very attractive valuation with a ROCE of 4.6 and trading at a discount compared to peers, the stock's long-term growth prospects appear poor, as indicated by a modest operating profit growth rate of 3.24% over the last five years.
In the broader market context, Vindhya Telelinks has underperformed the Sensex, which has gained 5.07% year-to-date, while the stock has declined by 21.08% in the same period. The stock's performance today has also lagged behind the sector by 0.29%. The falling investor participation, with a significant drop in delivery volume, further suggests a lack of confidence among investors. Overall, the combination of poor recent performance, declining profits, and underwhelming growth prospects contributes to the stock's downward movement.