Why is Finolex Cables falling/rising?

As of 26-Aug, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at Rs 821.55, which represents a decrease of Rs 18.45 or 2.2%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 3.5% during this period. Additionally, the stock's performance over the past week shows a loss of 1.73%, and it has significantly underperformed over the past month with an 8.62% decline. The stock is trading below all key moving averages, indicating a bearish trend. Furthermore, there has been a notable drop in investor participation, with delivery volume decreasing by 50.58% compared to the five-day average. Despite having a low debt-to-equity ratio and attractive valuation metrics, the stock's profitability has suffered, with a 15.7% decline in profits over the past year, contributing to its negative performance.
In the broader market context, the Sensex has shown a relatively modest decline of 1.05% over the past week, indicating that Finolex Cables' performance is lagging behind the benchmark. The stock's year-to-date performance is particularly concerning, with a staggering 30.42% drop compared to the Sensex's gain of 3.39%. This stark contrast highlights the stock's underperformance, especially given that it has generated a return of -44.60% over the past year, significantly worse than the market's overall decline of 3.87%. The negative results reported in June, including a 45.31% fall in profit before tax and a 33.3% decline in profit after tax, further exacerbate the situation, leading to a lack of confidence among investors and contributing to the stock's downward trajectory.