Why is Fineotex Chem falling/rising?

As of 07-Oct, Fineotex Chemical Ltd's stock price is currently at 244.40, reflecting a decrease of 3.35, or 1.35%. The stock has been underperforming, having fallen for the last two days with a total decline of 2.32%. It is also noted that the stock has underperformed its sector by 0.89% today. Over the past week, the stock has decreased by 2.26%, while it has shown a modest increase of 2.82% over the past month. However, the year-to-date performance is concerning, with a significant decline of 26.22%. The company has reported negative results for the last three consecutive quarters, including a drop in profit before tax and profit after tax, which has contributed to its recent price movement. Additionally, the stock has seen a decrease in institutional investor participation, which may indicate a lack of confidence in its future performance.
In the broader market context, Fineotex Chemical Ltd's recent performance contrasts sharply with the Sensex, which has increased by 2.07% over the past week and 4.85% year-to-date. This consistent underperformance against the benchmark over the last three years, coupled with a high price-to-book value ratio and declining profits, suggests that investor sentiment is weak. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume indicates waning interest from investors. Overall, the combination of negative financial results, falling institutional interest, and poor relative performance against the market has led to the stock's decline.