Why is Finolex Inds. falling/rising?

As of 03-Jul, Finolex Industries Ltd's stock price is currently at 212.70, reflecting a decrease of 0.75, or 0.35%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 2.43% during this period. Over the past week, the stock has underperformed with a return of -2.30%, while the Sensex has only declined by 0.62%. Additionally, the company's operating profit has shown poor long-term growth, decreasing at an annual rate of -0.46% over the last five years, and its recent financial results indicate a significant drop in profit before tax and net sales. Furthermore, the stock's return over the past year is notably negative at -35.79%, which has contributed to a perception of expensive valuation despite a low debt-to-equity ratio.
Broader market context shows that while the stock has underperformed the broader market, which has generated a return of 2.20% over the last year, it has also seen a decline in institutional investor participation, with a decrease of 0.51% in their stake over the previous quarter. This lack of confidence from institutional investors, who typically have more resources to analyze company fundamentals, may further impact retail investor sentiment. The stock's liquidity remains adequate for trading, but the overall negative sentiment surrounding its performance, combined with flat results and a high PEG ratio, suggests that investors are cautious about its future growth prospects.