Why is Finolex Cables falling/rising?

As of 08-Aug, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at 845.55, which reflects a decrease of 14.65 or 1.7%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 3.71%. Although it opened with a gain of 2.3% today and reached an intraday high of Rs 879.95, it ultimately touched a low of Rs 841.05. Over the past week, the stock has decreased by 3.70%, and its year-to-date performance shows a significant drop of 28.39%. Despite a low debt-to-equity ratio and a reasonable price-to-book value, the stock's long-term growth prospects appear poor, with operating profit growth at only 7.50% over the last five years and a substantial decline of 43.29% over the past year.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex only declining by 0.92% over the same week. The stock's significant underperformance is evident as it has generated a return of -43.29% over the past year, compared to the market's negative return of -1.79%. This stark contrast highlights the challenges Finolex Cables faces in attracting investor confidence, particularly as delivery volume has decreased sharply by 78.48% against the five-day average. The high institutional holdings at 26.23% suggest that while there is some confidence from larger investors, the overall sentiment remains cautious, contributing to the stock's current downward trajectory.