Why is Finolex Inds. falling/rising?

As of 11-Jul, Finolex Industries Ltd is experiencing a price increase, currently at 206.20, reflecting a change of 1.3 or 0.63% upward. The stock has shown a consecutive gain over the last two days, with a total return of 1.94%. However, it has underperformed in the longer term, with a 1-week return of -2.39% and a 1-month return of -8.25%. The stock is trading above its 50-day and 100-day moving averages but below its 5-day, 20-day, and 200-day moving averages. Despite a low debt-to-equity ratio, the company faces challenges such as poor long-term growth, a decline in operating profit, and a significant drop in institutional investor participation, which may contribute to the stock's volatility.
Broader market context indicates that while the Sensex has seen a slight decline of 1.12% over the past week, Finolex Industries has performed worse in the same timeframe. The stock has notably underperformed the market over the past year, with a return of -35.66% compared to the Sensex's positive return of 3.26%. This underperformance, coupled with a high PEG ratio and a decrease in institutional stakes, suggests that investor sentiment remains cautious, impacting the stock's overall performance despite its recent gains.