Why is Finolex Inds. falling/rising?

As of 17-Jul, Finolex Industries Ltd's stock price is currently at 214.25, reflecting an increase of 1.05 (0.49%). The stock has been gaining momentum, with a consecutive gain over the last three days resulting in a total return of 4.64% during this period. Additionally, the stock's performance over the past week shows a positive return of 4.56%, contrasting with a decline of 1.12% in the Sensex. Despite this short-term gain, the stock has experienced a significant decline of 33.74% over the past year, indicating poor long-term growth, particularly as the operating profit has decreased at an annual rate of -0.46% over the last five years. The company also faces challenges with a high PEG ratio of 27.9 and a low return on equity of 7.8, which suggests an expensive valuation compared to its peers.
Broader Market Context: In the context of the broader market, while the BSE500 has generated a modest return of 0.26% over the past year, Finolex Industries has underperformed significantly, with a negative return of -33.74%. The stock's recent rise may be attributed to increased investor participation, as evidenced by a 203.71% rise in delivery volume, indicating renewed interest. However, the decline in institutional investor stakes by 0.51% suggests a lack of confidence among more sophisticated investors, which could weigh on the stock's future performance. Overall, while there are short-term gains, the long-term outlook remains concerning due to the company's financial performance and market position.