Why is Finolex Cables falling/rising?

As of 23-Sep, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at 831.55, which reflects a decrease of 3.45 points or 0.41%. The stock has underperformed its sector by 0.33% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.66%, and its performance over the last month shows a decline of 2.12%. Notably, the stock has faced significant challenges over the past year, with a return of -45.56%, while its profits have fallen by 15.7%. Despite having a low debt-to-equity ratio and attractive valuation metrics, the negative results reported in June, including a substantial drop in profit before tax and profit after tax, have contributed to the stock's downward trend.
In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, indicating that the market is generally underperforming but not as severely as Finolex Cables. The stock's year-to-date performance is particularly concerning, with a drop of 29.57% compared to a 5.07% increase in the benchmark index. High institutional holdings at 26.23% suggest that knowledgeable investors are closely monitoring the company's fundamentals, yet the stock's significant underperformance relative to the market and its sector raises concerns about its future prospects. Overall, the combination of poor recent financial results, declining investor participation, and unfavorable comparisons to market benchmarks are contributing to the stock's current downward movement.