Why is Finolex Cables falling/rising?

As of 11-Sep, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at Rs 842.50, reflecting a decrease of Rs 2.5 or 0.3%. The stock has underperformed its sector today by 0.25% and has fallen after two consecutive days of gains. It has traded within a narrow range of Rs 8.15 and is currently above its 20-day moving averages but below its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 28.76% compared to the 5-day average. Over the past year, the stock has generated a significant negative return of -39.08%, while its profits have decreased by 15.7%, indicating underlying financial challenges.
In the broader market context, the stock's performance has lagged behind the benchmark, with a 1-year return of -39.08% compared to the Sensex's slight gain of 0.03%. Despite a relatively low debt-to-equity ratio and attractive valuation metrics, the stock's negative results reported on June 25, including a 45.31% decline in profit before tax and a 33.3% drop in profit after tax, have contributed to its poor performance. High institutional holdings at 26.23% suggest that these investors, who typically have better analytical capabilities, may be cautious about the stock's future prospects, further impacting its price movement negatively.