Why is Finolex Cables falling/rising?

As of 12-Sep, Finolex Cables Ltd. is experiencing a slight increase in its stock price, currently at 845.55, reflecting a change of 3.05 or 0.36% upward. The stock's performance today is in line with the sector, although it is trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a decline of 0.34%, while it has gained 0.39% over the past month. However, the stock has significantly underperformed over the year, with a return of -40.03% compared to the benchmark's -1.28%. The company's low debt-to-equity ratio and attractive valuation, indicated by a return on equity of 12.8 and a price-to-book value of 2.4, suggest some positive fundamentals, but the recent negative results, including a 45.31% drop in profit before tax, have weighed heavily on investor sentiment.
Broader Market Context: In the context of the broader market, the Sensex has outperformed Finolex Cables, gaining 1.48% over the past week and 2.08% over the past month. The stock's significant underperformance over the last year, with a decline of 40.03% compared to the market's slight drop, indicates a lack of investor confidence, despite high institutional holdings at 26.23%. The falling investor participation, as evidenced by a decrease in delivery volume, further highlights the challenges the stock faces in regaining momentum. Overall, while there are some positive factors at play, the negative financial results and underperformance relative to the market are contributing to a cautious outlook for Finolex Cables.