Why is Finolex Cables falling/rising?

As of 08-Sep, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at 836.30, reflecting a decrease of 12.1 points or 1.43%. The stock has underperformed its sector by 1.62% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has significantly dropped by 37.16% compared to the 5-day average, indicating a falling investor participation. Over the past year, the stock has generated a return of -40.84%, which is considerably worse than the broader market's decline of -0.49%. The company's profits have also fallen by 15.7%, contributing to the negative sentiment surrounding the stock.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -0.74% compared to the Sensex's gain of 0.53%. Despite having a low debt-to-equity ratio and attractive valuation metrics, the significant drop in profits and the negative results reported in June have led to a lack of confidence among investors. High institutional holdings at 26.23% suggest that knowledgeable investors are also cautious, as they have the resources to analyze the company's fundamentals more thoroughly. Overall, the combination of poor recent performance, declining investor interest, and disappointing financial results has contributed to the stock's downward movement.