Why is Finolex Cables falling/rising?

As of 02-Sep, Finolex Cables Ltd. is experiencing a price increase, currently at 856.65, reflecting a rise of 14.1 or 1.67%. The stock has shown a positive performance today, outperforming its sector by 0.7% and achieving a consecutive gain over the last three days with a total return of 4.8%. Despite this recent uptick, the stock has underperformed over the past month, with a return of -2.44%, and a significant decline of -40.88% over the past year. The company maintains a low debt-to-equity ratio and an attractive valuation with a return on equity of 12.8, but it has faced challenges with a 15.7% drop in profits over the last year. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 4.27% over the past week while the Sensex has declined by 0.78%. However, the stock's year-to-date performance remains concerning, with a decline of -27.45% compared to the Sensex's increase of 2.58%. This disparity highlights the stock's struggle to keep pace with the market despite recent gains. The high institutional holdings at 26.23% suggest that knowledgeable investors are backing the stock, yet the negative results reported in June, including a substantial fall in profit before tax and profit after tax, contribute to a cautious outlook for potential investors.