Why is Fineotex Chem falling/rising?

As of 29-Aug, Fineotex Chemical Ltd is currently priced at 238.05, reflecting a slight increase of 0.05 (0.02%). The stock has shown a trend reversal by gaining after three consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed with a return of -7.48%, and it has also seen a significant decline of -28.14% year-to-date. Despite a high management efficiency indicated by a return on equity (ROE) of 21.66% and a low debt-to-equity ratio, the company has reported negative results for the last three consecutive quarters, which has negatively impacted investor sentiment. Additionally, a decrease in institutional investor participation, which has fallen by -0.86%, suggests a lack of confidence in the stock's future performance.
In the broader market context, Fineotex Chemical Ltd has underperformed the benchmark, with the Sensex showing a decline of only -1.84% over the past week compared to the stock's -7.48%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, while the market has generated negative returns of -5.40% over the past year, Fineotex's return has been significantly worse at -35.66%, indicating a persistent weakness in its performance. The combination of declining profits, falling investor participation, and negative quarterly results has contributed to the stock's recent struggles, despite some positive indicators regarding management efficiency and long-term growth potential.