Why is Finolex Cables falling/rising?

As of 18-Sep, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at 845.20, reflecting a decrease of 7.7 points or 0.9%. The stock has underperformed its sector by 0.92% today, and while it is trading higher than its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 0.32%, but its year-to-date performance is significantly negative at -28.42%, with a one-year return of -39.98%. The company has also seen a decline in investor participation, with delivery volume dropping by 15.2% compared to the five-day average. Despite having a low debt-to-equity ratio and attractive valuation metrics, the stock's recent performance is hindered by a substantial drop in profits, with a 33.3% decrease in PAT and a 45.31% fall in PBT reported in the latest quarter.
In the broader market context, the Sensex has outperformed Finolex Cables, gaining 1.80% over the past week and 6.24% year-to-date, while the stock has struggled significantly. The stock's negative performance is compounded by its underperformance relative to the market over the past year, where it has fallen much more sharply than the BSE500 index, which recorded a decline of only 1.96%. The high institutional holdings at 26.23% indicate that knowledgeable investors are closely monitoring the company's fundamentals, which may contribute to the stock's volatility. Overall, the combination of poor financial results, declining investor interest, and underperformance against the benchmark has led to the stock's current downward trend.