Why is Visaka Industrie falling/rising?

As of 17-Nov, Visaka Industries Ltd is experiencing a decline in its stock price, currently at Rs 74.00, reflecting a decrease of Rs 1.83 or 2.41%. The stock has underperformed its sector by 2.67% today and has touched an intraday low of Rs 74. Over the past week, the stock has decreased by 6.09%, and it has shown a significant decline of 19.13% over the past year, despite the company reporting positive results for the last three consecutive quarters, including a 237.2% increase in profits. The company's rising promoter confidence, as indicated by a 4.82% increase in their stake, suggests a belief in the company's future potential. However, the stock is trading below all its moving averages, which indicates a bearish trend.
In the broader market context, the Sensex has increased by 1.69% over the past week, contrasting sharply with Visaka Industries' performance. This consistent underperformance against the benchmark, alongside a long-term growth rate of -11.64% in operating profit over the last five years, raises concerns among investors. The stock's negative returns over multiple periods, including a 16.44% decline year-to-date, further highlight its struggles relative to the overall market, which has seen positive returns.