Why is Fineotex Chem falling/rising?

As of 26-Aug, Fineotex Chemical Ltd's stock price is currently at 241.45, reflecting a decrease of 9.95, or 3.96%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a 6.16% decline over the past week. It has also underperformed its sector by 2.09% today. The stock touched an intraday low of Rs 240.5 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by 54.2% compared to the 5-day average. The company has reported negative results for the last three consecutive quarters, with a notable decline in profit before tax and profit after tax, contributing to its recent price movement.
In the broader market context, Fineotex Chemical Ltd has underperformed against the benchmark, with a 1-week return of -6.16% compared to the Sensex's -1.05%. Over the past year, the stock has generated a return of -34.80%, while the Sensex has only declined by 1.12%. This consistent underperformance is compounded by a decrease in institutional investor participation, which has fallen by 0.86% in the previous quarter. Despite some positive factors such as high management efficiency and a low debt-to-equity ratio, the overall sentiment remains negative due to the company's declining profits and high valuation metrics, leading to a lack of confidence among investors.