Why is Finolex Cables falling/rising?

As of 17-Oct, Finolex Cables Ltd. is experiencing a decline in its stock price, currently at 784.00, which represents a decrease of 7.55 or 0.95%. The stock has underperformed its sector today by 1.04% and has fallen after two consecutive days of gains. Additionally, it 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 2.37%, and over the last month, it has dropped by 8.08%. The company has also seen a significant decline in delivery volume, which has fallen by 41.21% compared to the 5-day average. Despite having a low debt-to-equity ratio and attractive valuation metrics, the stock's performance has been negatively impacted by a substantial year-over-year decline of 40.28%, alongside a 15.7% drop in profits.
Broader market context indicates that while the Sensex has gained 1.76% over the past week and 1.52% over the past month, Finolex Cables has significantly underperformed the market, with a year-to-date return of -33.60% compared to the Sensex's gain of 7.44%. This stark contrast highlights the challenges faced by Finolex Cables, particularly following negative financial results reported on June 25, which showed a 45.31% decline in profit before tax and a 33.3% drop in profit after tax. The high institutional holdings at 26.23% suggest that these investors are likely to have a better understanding of the company's fundamentals, which may contribute to the stock's ongoing struggles in the market.