Why is Finolex Cables falling/rising?

As of 16-Sep, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at 845.55, which reflects a decrease of 10.05 or 1.17%. Today's performance indicates that the stock has underperformed its sector by 2.23% and has fallen after two consecutive days of gains. The stock's recent returns show a modest increase of 0.66% over the past week and 4.02% over the past month; however, it has significantly underperformed over the year with a decline of 39.90%. The company maintains a low debt-to-equity ratio and an attractive valuation with a return on equity of 12.8, but its profits have decreased by 15.7% over the past year, contributing to the negative sentiment around the stock.
Broader market context reveals that while the Sensex has increased by 1.58% over the past week and 2.21% over the past month, Finolex Cables has lagged behind, particularly with a year-to-date decline of 28.39% compared to the Sensex's gain of 5.43%. The stock's high institutional holdings at 26.23% suggest that knowledgeable investors are closely monitoring its fundamentals, yet the negative results reported in June, including a significant drop in profit before tax and profit after tax, have likely influenced the stock's downward trajectory. Overall, the combination of underperformance relative to the market and disappointing financial results has led to a bearish outlook for Finolex Cables.