Why is Finolex Cables falling/rising?

As of 13-Aug, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at 828.50, which reflects a decrease of 11.5 points or 1.37%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total drop of 5.65% during this period. In terms of longer-term performance, the stock has seen a significant decline of 42.47% over the past year, while the market benchmark, the Sensex, has only decreased by 2.01%. Despite a low debt-to-equity ratio and a relatively attractive valuation with a return on equity of 12.8%, the company has struggled with poor long-term growth, as indicated by a modest operating profit growth rate of 7.5% over the last five years. Additionally, negative financial results reported for June 25, including a 45.31% drop in profit before tax, have further contributed to the stock's downward trajectory.
In the broader market context, Finolex Cables has underperformed significantly compared to the benchmark, with a 1-month return of -13.16% against the Sensex's -2.38%. This stark contrast highlights the stock's struggles relative to the overall market. While there has been a rise in investor participation, as evidenced by an 86.88% increase in delivery volume, the stock's liquidity remains adequate for trading. However, the combination of negative financial results, poor long-term growth prospects, and substantial underperformance against the market has led to a bearish sentiment surrounding the stock, prompting a sell-off among investors.