Why is Visaka Industrie falling/rising?

As of 11-Jul, Visaka Industries Ltd's stock price is currently at Rs 88.50, reflecting a decrease of Rs 2.5, or 2.75%. The stock has been underperforming, having lost 4.19% over the last two days and is down 5.34% over the past week. Today's trading saw the stock touch an intraday low of Rs 88.11, indicating a lack of investor confidence as the volume traded was closer to this low price. Despite the company recently declaring positive results after a long stretch of negative quarters, the stock has still generated a return of -20.27% over the past year, with profits plummeting by 388%. This combination of recent performance and weak long-term fundamentals, including a -12.76% CAGR growth in operating profits over the last five years, contributes to the stock's downward movement.
In the broader market context, Visaka Industries has significantly underperformed against the benchmark, with a 1-week return of -5.34% compared to the Sensex's -1.12%. This consistent underperformance over the last three years, coupled with low domestic mutual fund interest, suggests a lack of confidence in the stock's future prospects. While the stock is trading at a discount compared to its peers, the overall sentiment remains negative, as indicated by the falling investor participation and the stock's inability to recover despite recent positive results.