Why is Finolex Cables falling/rising?

As of 04-Sep, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at 843.45, which reflects a decrease of 14.8 points or 1.72%. The stock has underperformed its sector by 2.47% today and has seen a trend reversal after four consecutive days of gains. In terms of performance over the past week, the stock has increased by 3.18%, but it has fallen by 3.49% over the past month and a significant 41.05% over the past year. The company's financials indicate a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 2.3, but its profits have decreased by 15.7% over the last year, contributing to the stock's poor performance.
Broader market context shows that while the Sensex has gained 0.80% over the past week, Finolex Cables has lagged behind with a 3.18% increase. The stock's year-to-date performance is notably poor, with a decline of 28.56% compared to a 3.30% gain in the broader market. Additionally, high institutional holdings at 26.23% suggest that these investors are closely monitoring the company's fundamentals, which may influence trading decisions. The recent negative results reported on June 25, including a 45.31% drop in PBT and a 33.3% fall in PAT, further exacerbate the stock's downward trend, indicating a lack of confidence among investors.