Why is Visaka Industrie falling/rising?

As of 07-Jul, Visaka Industries Ltd's stock price is currently at Rs 89.70, reflecting a decrease of 3.79 points or 4.05%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.06% during this period. It opened the day with a loss of 2.11% and reached an intraday low of Rs 89.45, indicating significant selling pressure. Additionally, the stock has underperformed its sector by 3.61% today and has seen a drastic drop in delivery volume, which fell by 97.95% compared to the 5-day average. While the company recently reported positive results after a long stretch of negative quarters, its long-term fundamentals remain weak, with a significant decline in operating profits and a low return on equity, contributing to the stock's downward trend.
In the broader market context, Visaka Industries has experienced a 4.27% decline over the past week, while the benchmark Sensex has only decreased by 0.20%, highlighting the stock's relative weakness. Over the past month, however, the stock has shown a positive return of 7.00%, outperforming the Sensex's 1.53% gain. Despite this recent uptick, the stock's long-term performance remains concerning, with a 22.71% decline over the past year compared to a 4.31% increase in the benchmark. This consistent underperformance against the market, coupled with low domestic mutual fund interest, suggests a lack of confidence among investors regarding the company's future prospects.