Why is Finolex Inds. falling/rising?

As of 27-Jun, Finolex Industries Ltd is experiencing a decline in its stock price, currently at 216.80, which reflects a decrease of 0.9 or 0.41%. The stock has shown a trend reversal, falling after three consecutive days of gains. In terms of performance, the stock has underperformed in the last month with a return of -3.54%, while the benchmark Sensex has gained 3.07%. Additionally, the stock's delivery volume has significantly decreased by 69.96% compared to the 5-day average, indicating falling investor participation. Despite having a low debt-to-equity ratio, the company has shown poor long-term growth with an annual operating profit decline of -0.46% over the last five years, and its recent financial results have not been encouraging, with a -14.26% drop in profit before tax.
Broader market context shows that while the stock has returned -33.78% over the past year, the broader market, represented by the BSE 500, has generated a positive return of 4.10%. This stark contrast highlights the stock's underperformance relative to the market. Institutional investors have also reduced their stake by -0.51% in the last quarter, indicating a lack of confidence in the stock's fundamentals. The stock is trading at a discount compared to its peers, but its high price-to-book value suggests it may be overvalued given its low return on equity of 7.8%. Overall, these factors contribute to the stock's current downward movement.