Why is Finolex Inds. falling/rising?

As of 23-Jun, Finolex Industries Ltd is experiencing a decline in its stock price, currently at 213.25, reflecting a decrease of 2.35 or 1.09%. The stock has underperformed its sector by 0.49% today and has been on a consecutive downward trend for the last three days, resulting in an overall decline of 8.24% during this period. Over the past week, the stock has dropped by 4.26%, while it has shown a modest increase of 2.06% over the past month. However, the longer-term performance is concerning, with a year-to-date decline of 15.21% and a staggering 36.03% drop over the past year. The company's operating profit has decreased at an annual rate of 0.46% over the last five years, and despite a low debt-to-equity ratio, the stock is perceived as having poor long-term growth potential. Additionally, institutional investors have reduced their stakes, indicating a lack of confidence in the stock's future performance.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 0.12% over the past week and 4.81% year-to-date. While the stock has been liquid enough for trading, with a delivery volume increase of 29.58% against the five-day average, the overall sentiment remains negative due to the company's flat results and high valuation metrics, such as a price-to-book value of 2.2. The stock's significant underperformance relative to the market, coupled with declining institutional participation, suggests that investors are wary of its prospects, contributing to the ongoing decline in its stock price.