Why is Finolex Inds. falling/rising?

As of 23-Jul, Finolex Industries Ltd's stock price is rising, currently at Rs 207.75, reflecting an increase of Rs 5.95 or 2.95%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 2.46% today and reached an intraday high of Rs 210. Despite this positive movement, the stock has underperformed in the longer term, with a year-to-date decline of 17.40% and a one-year drop of 35.07%. The company has a low debt-to-equity ratio, but its operating profit has seen a slight annual decline over the past five years, which raises concerns about its long-term growth potential. Additionally, institutional investor participation has decreased, indicating a lack of confidence among larger investors.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 0.11% over the past week and 1.01% over the past month. While Finolex Industries has experienced a short-term uptick, its longer-term performance remains concerning, especially given the negative returns of 35.07% over the past year compared to the market's positive return of 1.79%. This underperformance highlights the challenges the company faces in regaining investor confidence, despite today's positive price movement.