Why is Finolex Cables falling/rising?

As of 22-Sep, Finolex Cables Ltd. is currently priced at 838.25, reflecting an increase of 7.4 (0.89%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -2.03% compared to the Sensex's gain of +0.46%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 176.07% against the 5-day average. The company maintains a low debt-to-equity ratio and an attractive valuation, but it has also faced significant profit declines, with a year-over-year return of -40.08%.
In the broader market context, while the Sensex has gained 0.46% over the past week, Finolex Cables has lagged behind with a decline of -2.03%. This underperformance is further highlighted by its year-to-date return of -29.00% against the Sensex's positive return of +5.15%. The stock's high institutional holdings at 26.23% suggest that knowledgeable investors are monitoring its fundamentals closely, which may provide some support. However, the negative results reported in June, including a substantial fall in profit before tax and profit after tax, contribute to the overall bearish sentiment surrounding the stock.