Why is Finolex Inds. falling/rising?

As of 02-Jul, Finolex Industries Ltd is experiencing a decline in its stock price, currently at 213.45, which reflects a decrease of 1.95 or 0.91%. The stock has been losing value for the last two days, with a total drop of 2.09% during this period. Additionally, the stock has underperformed significantly over the past week and month, with returns of -1.73% and -1.27%, respectively, while the benchmark Sensex has gained 0.79% and 2.50% in the same timeframes. The company's operating profit has shown poor long-term growth, with a negative annual growth rate of -0.46% over the last five years, and recent financial results indicate a decline in profit before tax and net sales. Furthermore, the stock's valuation appears expensive with a Price to Book Value of 2.2, and it has generated a return of -34.30% over the past year, despite a slight increase in profits.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with the BSE500 generating a return of 3.11% over the last year while Finolex Industries Ltd has seen a substantial negative return. The decline in investor participation, particularly among institutional investors who have reduced their stake by 0.51%, suggests a lack of confidence in the stock's future performance. This trend is compounded by a decrease in delivery volume, which has fallen by 22.25% against the five-day average, indicating reduced trading interest. Overall, these factors contribute to a negative outlook for the stock amidst a generally improving market environment.