Why is Finolex Inds. falling/rising?

As of 26-Jun, Finolex Industries Ltd is currently priced at 217.70, reflecting a slight increase of 0.5 (0.23%). The stock has been gaining for the last three days, with a total return of 2.09% during this period, although it has underperformed the market over the past week and month, with returns of -1.56% and -2.60%, respectively. Despite this recent uptick, the stock has shown a significant decline over the longer term, with a year-to-date drop of -13.44% and a staggering -34.64% over the past year. The company's low debt-to-equity ratio is a positive aspect, but its operating profit has decreased at an annual rate of -0.46% over the last five years, contributing to concerns about long-term growth. Additionally, institutional investors have reduced their stakes, indicating a lack of confidence in the stock's prospects.
Broader Market Context: In the context of the broader market, the Sensex has performed significantly better, with a return of +2.94% over the past week and +1.92% over the past month. The stock's performance is further contrasted by the BSE 500, which has generated a return of 4.11% over the last year, highlighting Finolex's substantial underperformance. The falling participation from institutional investors, who possess greater analytical resources, suggests a cautious outlook on the stock's future. Overall, while there has been a minor recent recovery, the long-term trends and market comparisons indicate persistent challenges for Finolex Industries Ltd.