Why is Fineotex Chem falling/rising?

As of 02-Sep, Fineotex Chemical Ltd's stock is currently priced at 241.80, reflecting an increase of 2.4 (1.0%). The stock has been gaining for the last three days, with a total return of 1.6% during this period. Despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 27.00% and a one-year return of -33.89%. The company has reported negative results for the last three consecutive quarters, with a significant drop in profit before tax and profit after tax, contributing to a perception of weakness. Additionally, while the company boasts a high return on equity and low debt-to-equity ratio, these positive factors are overshadowed by its recent financial performance and a high price-to-book value, indicating an expensive valuation relative to its peers.
In the broader market context, Fineotex Chemical Ltd has outperformed the sector by 0.91% today, but the benchmark index, Sensex, has shown a decline of 0.78% over the past week. This indicates that while the stock is experiencing a short-term rise, its long-term performance remains concerning, particularly given its consistent underperformance against the benchmark over the last three years. Institutional investor participation has also fallen, with a decrease in their stake, which may further impact market sentiment negatively. Overall, the stock's recent gains appear to be a temporary rebound amidst a backdrop of significant long-term challenges.