Why is Fineotex Chem falling/rising?

As of 25-Sep, Fineotex Chemical Ltd is experiencing a price increase, currently at 244.50, reflecting a rise of 12.1 or 5.21%. Today's performance indicates a positive trend, as the stock has outperformed its sector by 5% and has gained after two consecutive days of decline. It opened with a significant gain of 6.73% and reached an intraday high of Rs 271, showcasing high volatility with an intraday fluctuation of 6.01%. However, despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date decline of 26.19% and a staggering 39.44% drop over the past year. The company has also faced challenges, including negative results for the last three consecutive quarters and a decrease in institutional investor participation, which may contribute to a cautious outlook despite some positive operational metrics.
In the broader market context, Fineotex Chemical Ltd's recent short-term return of +2.93% over the past week contrasts sharply with the Sensex, which has declined by 2.23% during the same period. This suggests that the stock is gaining traction relative to the overall market, albeit it has consistently underperformed against the benchmark over the last three years. The company's high management efficiency and low debt levels are positive factors; however, the negative results and falling institutional interest highlight significant concerns that could affect investor sentiment moving forward.