Why is Finolex Cables falling/rising?

As of 01-Sep, Finolex Cables Ltd. has experienced a price increase, currently trading at 842.55, reflecting a rise of 23.7 points or 2.89%. The stock has shown a positive performance today, outperforming its sector by 0.34% and achieving a consecutive gain over the last two days with a total return of 3.07%. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 28.64% and a significant drop of 42.06% over the past year. The company maintains a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 2.3, but its profits have fallen by 15.7%, indicating underlying challenges. Additionally, high institutional holdings at 26.23% suggest that more informed investors are backing the stock, although recent negative results have raised concerns.
Broader market context reveals that while Finolex Cables has gained in the short term, the benchmark Sensex has declined by 1.56% over the past week, indicating that the stock's recent performance is somewhat isolated from broader market trends. The stock's liquidity remains adequate, but a significant drop in delivery volume suggests waning investor participation, which could impact future price movements. Overall, while the stock is currently rising, its long-term performance remains concerning compared to the broader market, highlighting a potential disconnect between short-term gains and long-term fundamentals.