Why is Visaka Industrie falling/rising?

As of 26-Aug, Visaka Industries Ltd's stock price is currently at 85.89, reflecting a decrease of 1.41, or 1.62%. Today's performance indicates that the stock underperformed its sector by 0.39%, opening with a significant loss of 3.77% and reaching an intraday low of Rs 84.01. The stock has shown a mixed performance in the past week and month, with returns of +1.77% and +2.41%, respectively, while it has struggled over the longer term, with a year-to-date decline of 3.01% and a one-year drop of 25.57%. Despite reporting a remarkable growth in net profit of 423.49% and positive results in the last two quarters, the stock's long-term growth prospects appear poor, with a negative annual growth rate of operating profit over the last five years. Additionally, the low participation from domestic mutual funds, holding only 0.14%, may indicate a lack of confidence in the stock's valuation.
In the broader market context, Visaka Industries has underperformed against the benchmark Sensex, which has gained 3.39% year-to-date, while the stock has declined by 3.01%. The stock's recent performance is concerning, particularly given its consistent underperformance against the benchmark over the past three years, where it has generated negative returns of 25.57%. This trend of underperformance, combined with falling investor participation and a significant opening gap down today, suggests that market sentiment is currently unfavorable towards Visaka Industries, despite its attractive valuation metrics and recent profit growth.