Why is Visaka Industrie falling/rising?

As of 02-Jul, Visaka Industries Ltd is experiencing a decline in its stock price, currently at Rs 91.25, reflecting a decrease of Rs 2.75 or 2.93%. Today's price summary indicates that the stock has underperformed its sector by 2.96% and has fallen after three consecutive days of gains, reaching an intraday low of Rs 90.36. Despite trading above its moving averages, the stock has shown a negative return of -20.96% over the past year, with profits falling by 388%. Although the company recently declared positive results after ten consecutive negative quarters, the weak long-term fundamentals, including a -12.76% CAGR growth in operating profits over the last five years, continue to weigh on investor sentiment.
In the broader market context, Visaka Industries has outperformed the Sensex in the short term, with a 1-week return of +7.86% compared to the benchmark's +0.79%. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years. The low participation from domestic mutual funds, holding only 0.1% of the company, suggests a lack of confidence in the stock's valuation, further contributing to its downward pressure. Overall, while there are some positive indicators, the persistent underperformance and weak fundamentals are leading to a decline in the stock price.