Why is Fineotex Chem falling/rising?

As of 15-Sep, Fineotex Chemical Ltd is experiencing a decline in its stock price, currently at 237.05, which reflects a decrease of 1.25 or 0.52%. The stock has underperformed its sector by 1.1% today and has been on a downward trend for the last three days, accumulating a total drop of 2.45%. Additionally, Fineotex has shown poor performance over the past year, with a return of -40.80%, and has consistently underperformed against the benchmark, the BSE500, in each of the last three annual periods. The company has reported negative results for the last three consecutive quarters, with significant declines in profit before tax and profit after tax compared to previous averages. Although 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 falling institutional investor participation.
In the broader market context, Fineotex's short-term performance has been lackluster compared to the Sensex, which has gained 1.24% over the past week while Fineotex has only decreased by 0.08%. The company's year-to-date performance is particularly concerning, with a decline of 28.44% against the Sensex's gain of 4.67%. This consistent underperformance, coupled with a decrease in institutional investor stakes, suggests a lack of confidence in the company's future prospects, further contributing to the stock's downward trajectory.