Why is Fineotex Chem falling/rising?

As of 17-Sep, Fineotex Chemical Ltd is currently priced at 238.90, reflecting a decrease of 0.7 or 0.29%. The stock has underperformed its sector by 1.28% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.69%, while it has shown a modest increase of 2.36% over the past month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 27.88% and a staggering 41.45% drop over the past year. The company has faced negative results for the last three consecutive quarters, contributing to a decline in profits and a low return on capital employed (ROCE). Additionally, institutional investors have reduced their stakes, indicating a lack of confidence in the stock's future performance.
In the broader market context, the Sensex has increased by 1.56% over the past week and 2.60% over the past month, contrasting with Fineotex's short-term decline. The stock's consistent underperformance against the benchmark over the last three years, coupled with a high price-to-book value ratio and declining profitability, suggests that investor sentiment remains weak. Despite some positive factors such as high management efficiency and low debt levels, the overall negative financial results and falling institutional participation have overshadowed these strengths, leading to the stock's current downward trend.