Why is Fineotex Chem falling/rising?

As of 14-Aug, Fineotex Chemical Ltd's stock price is currently at 237.90, reflecting an increase of 1.2 (0.51%). The stock has shown a positive trend recently, gaining 4.36% over the last two days and outperforming its sector by 0.46%. However, despite this short-term gain, the stock has experienced a significant decline of 28.18% year-to-date and a 32.22% drop over the past year. The company has reported negative results for the last three consecutive quarters, with a decrease in profit before tax and profit after tax compared to previous averages, which raises concerns about its financial health. Additionally, while the company has a high return on equity and low debt-to-equity ratio, the valuation appears expensive relative to its peers, which may deter some investors.
In the broader market context, Fineotex Chemical Ltd's recent performance contrasts with the Sensex, which has gained 3.15% year-to-date. The stock's short-term return of 0.04% over the past week is slightly better than the Sensex's decline of 0.03%, indicating a minor outperformance in the short term. However, the overall long-term performance remains concerning, as the stock has underperformed the BSE500 over various periods, including the last three years. The decrease in institutional investor participation, with a reduction of 0.86% in their stake, further reflects a lack of confidence in the stock's future prospects.