Why is Finolex Cables falling/rising?

As of 17-Sep, Finolex Cables Ltd. is experiencing a price increase, currently at 852.90, reflecting a change of 7.35 or 0.87% upward. The stock has shown a performance today that outperformed its sector by 1.79%, trading within a narrow range of Rs 7.95. While the stock is above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. In terms of returns, over the past week, the stock has gained 0.93%, and over the past month, it has increased by 4.92%. However, it has faced significant declines over the year, with a return of -39.64%. The company benefits from a low debt-to-equity ratio and an attractive valuation, but it has also seen a decline in profits by 15.7% over the past year, which may weigh on investor sentiment.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has risen by 1.56% over the past week and 2.60% over the past month. Despite this, the stock has high institutional holdings at 26.23%, indicating confidence from larger investors who can analyze the company's fundamentals more effectively than retail investors. The stock's significant underperformance over the last year, with a return of -39.64% compared to the market's -0.46%, suggests that while there may be some positive movements recently, the overall sentiment remains cautious due to its historical performance and recent negative financial results.