Why is Finolex Cables falling/rising?

As of 24-Sep, Finolex Cables Ltd. is currently priced at 827.65, reflecting a slight increase of 0.25 (0.03%). Despite this minor uptick, the stock has experienced a decline of 2.96% over the past week and a significant drop of 44.42% over the last year. The stock is trading below all its moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 90.87% against the 5-day average, suggesting some renewed interest. The company maintains a low debt-to-equity ratio and an attractive valuation with a return on equity of 12.8, but it has faced negative earnings results recently, which may contribute to investor caution.
In the broader market context, while the Sensex has shown a decline of only 1.18% over the past week, Finolex Cables' performance has lagged significantly, indicating a weaker position relative to the benchmark. Over the past year, the stock's return of -44.42% starkly contrasts with the Sensex's decline of just 3.77%, highlighting its underperformance. This disparity suggests that while the overall market has faced challenges, Finolex Cables has struggled even more, which may be influencing investor sentiment and contributing to its recent price movements.