Why is Visaka Industrie falling/rising?

As of 19-Sep, Visaka Industries Ltd's stock price is currently at Rs 84.35, reflecting a decline of Rs 1.14 or 1.33%. The stock has underperformed its sector today, with a performance drop of 2.43%. It has been on a consecutive downward trend for the last two days, accumulating a total decline of 1.35%. The stock's recent performance over the past week shows a modest gain of 2.28%, but it has experienced a slight decrease of 0.06% over the past month. Notably, while the stock has generated a significant negative return of 19.47% over the past year, it has also reported a remarkable increase in profits, with a net profit growth of 423.49% in the last quarter. This juxtaposition of declining stock price against rising profits suggests that the market may be reacting cautiously to the stock's overall performance despite its positive financial results.
In the broader market context, the Sensex has gained 0.88% over the past week, indicating that Visaka Industries' short-term performance is lagging behind the benchmark. The stock's year-to-date performance shows a decline of 4.75%, contrasting sharply with the Sensex's gain of 5.74%. This underperformance may be attributed to the stock trading at a discount compared to its peers, despite its attractive valuation metrics such as a PEG ratio of 0.1. The rising investor participation, indicated by a 27.4% increase in delivery volume, suggests some interest in the stock, yet the overall market sentiment appears to be cautious, contributing to the stock's recent decline.