Why is Visaka Industrie falling/rising?

As of 08-Jul, Visaka Industries Ltd is experiencing a decline in its stock price, currently at Rs 87.45, which represents a decrease of Rs 2.25 or 2.51%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.47% during this period. Today's trading saw the stock hit an intraday low of Rs 86.1, and it has underperformed its sector by 1.9%. Over the past year, the stock has generated a return of -23.09%, while its profits have plummeted by 388%. Despite a recent declaration of positive results after ten consecutive negative quarters, the long-term fundamentals remain weak, with a -12.76% CAGR growth in operating profits over the last five years and low profitability as indicated by a return on equity of only 8.14%.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -6.97% against a slight increase of 0.02% in the Sensex. While the stock has shown some positive movement over the past month with a 4.32% increase, it still lags behind the benchmark's year-to-date performance of +7.13%. The lack of investor participation, as evidenced by a significant drop in delivery volume, further indicates a lack of confidence in the stock, which may be contributing to its current downward trajectory. Overall, the combination of recent negative price movements, weak long-term fundamentals, and underperformance against the benchmark suggests that investor sentiment is currently unfavorable towards Visaka Industries Ltd.