Why is Finolex Inds. falling/rising?

As of 16-Jul, Finolex Industries Ltd's stock price is currently at Rs 213.20, reflecting an increase of Rs 4.7 or 2.25%. The stock has shown a positive performance today, outperforming its sector by 2.26% and has gained 4.13% over the last two days. It reached an intraday high of Rs 216.25, indicating strong short-term momentum. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 15.23% and a significant drop of 34.07% over the past year. The company has a low Debt to Equity ratio, which is a positive factor, but it faces challenges such as poor long-term growth, flat quarterly results, and a high Price to Book Value ratio, which may deter some investors.
Broader market context indicates that while Finolex Industries has shown a positive return in the short term, the benchmark Sensex has declined by 1.08% over the past week, suggesting that the stock's recent rise is somewhat isolated. The stock's performance over the last year has been notably poor compared to the broader market, which has generated a return of 0.47%. Additionally, there has been a decrease in institutional investor participation, which may reflect a lack of confidence in the company's fundamentals. Overall, while the stock is currently rising, its long-term outlook remains concerning due to its historical underperformance and declining institutional interest.