Why is Finolex Cables falling/rising?

As of 01-Aug, Finolex Cables Ltd. is currently priced at 879.00, reflecting a decrease of 4.95, or 0.56%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 2.89% during this period. Additionally, the stock has underperformed significantly over the past month with a return of -10.67% and a year-to-date decline of -25.55%. Despite a fair valuation indicated by a Price to Book Value of 2.4 and a low Debt to Equity ratio, the stock's performance has been hindered by poor long-term growth, as evidenced by an annual operating profit growth rate of only 7.5% over the last five years. The high institutional holdings at 26.23% suggest that knowledgeable investors are closely monitoring the stock, but the overall negative sentiment persists due to its substantial underperformance relative to the market.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex showing a decline of only 1.06% over the past week compared to Finolex's 2.23% drop. This stark contrast highlights the stock's struggles in a market that has not been as severely affected. Furthermore, while the stock has outperformed its sector by 0.53% today, the overall trend remains negative, with a significant year-over-year decline of 42.29% against the backdrop of a market that has only slightly declined by 1.55%. This indicates that investor confidence in Finolex Cables is waning, contributing to its ongoing price decline.