Why is Finolex Inds. falling/rising?

As of 21-Jul, Finolex Industries Ltd is experiencing a decline in its stock price, currently at Rs 205.30, which reflects a decrease of Rs 5.35 or 2.54%. The stock has underperformed its sector by 2.22% today and has been on a consecutive downward trend for the last two days, resulting in a total fall of 4.18%. Additionally, the stock has shown a significant decline over the past month, with a return of -4.78%, and a year-to-date drop of -18.37%. The company's operating profit has not shown growth, decreasing at an annual rate of -0.46% over the last five years, and it has reported flat results for the most recent quarter, with net sales declining by 5.15%. Furthermore, the stock's valuation appears expensive with a Price to Book Value of 2.1, and institutional investors have reduced their stake, indicating a lack of confidence in the stock's future performance.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as it has generated a negative return of -35.59% over the past year while the market has seen a modest gain of 1.63%. This underperformance is compounded by a decrease in investor participation, with delivery volume falling by 29.47% against the five-day average, suggesting reduced interest from both retail and institutional investors. The stock's liquidity remains adequate for trading, but the overall sentiment appears negative, reflecting concerns about the company's growth prospects and profitability relative to its peers.