Why is Finolex Cables falling/rising?

As of 06-Aug, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at Rs 862.35, reflecting a decrease of Rs 15.75 or 1.79%. The stock has underperformed its sector by 0.7% today, having touched an intraday low of Rs 858, which is a drop of 2.29%. Over the past week, the stock has fallen by 4.57%, and it has significantly underperformed the market over the last year with a return of -41.54% compared to the Sensex's gain of 2.48%. Despite a low debt-to-equity ratio and a reasonable price-to-book value, the stock's performance has been hindered by poor long-term growth, as indicated by a modest operating profit growth of 7.5% over the last five years and flat results in March 2025.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has declined significantly while the Sensex has shown resilience with a 3.08% gain year-to-date. The stock's liquidity appears adequate for trading, but a notable drop in delivery volume by 84.96% against the five-day average suggests waning investor interest. High institutional holdings at 26.23% indicate that more sophisticated investors are involved, yet the overall sentiment remains negative due to the stock's substantial underperformance relative to the market, leading to a cautious outlook among retail investors.