Why is Finolex Cables falling/rising?

As of 19-Sep, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at 832.45, reflecting a decrease of 12.75 or 1.51%. The stock has underperformed its sector by 1.89% today and has been on a downward trend for the last two days, accumulating a total loss of 2.4%. Over the past week, the stock has decreased by 1.55%, and its year-to-date performance shows a significant drop of 29.50%. Despite a relatively low debt-to-equity ratio and an attractive valuation with a return on equity of 12.8, the stock has suffered from a substantial decline in profits, with a year-over-year return of -40.46%. Negative results reported on June 25, including a 45.31% fall in profit before tax and a 33.3% drop in profit after tax, have further contributed to the stock's downward movement.
In the broader market context, while the Sensex has shown a positive return of 0.88% over the past week, Finolex Cables has lagged significantly, indicating a stark contrast in performance. The stock's year-to-date decline of 29.50% also stands in stark contrast to the Sensex's gain of 5.74% during the same period. This underperformance is compounded by the fact that institutional holdings are high at 26.23%, suggesting that knowledgeable investors are also wary of the stock's fundamentals. Overall, the combination of poor financial results, significant losses compared to the market, and a recent trend of declining prices are key factors driving the stock's current downward trajectory.