Why is Finolex Inds. falling/rising?

As of 30-Jul, Finolex Industries Ltd's stock price is currently at Rs 212.00, reflecting an increase of Rs 3.0 or 1.44%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 3.26%. It outperformed its sector by 1.06% today and reached an intraday high of Rs 218.25. However, despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date decline of 15.71% and a significant drop of 34.11% over the past year. The company has a low debt-to-equity ratio, but it has faced challenges such as poor long-term growth, flat results in the latest quarter, and a decrease in institutional investor participation, which may contribute to investor concerns.
In the broader market context, Finolex Industries Ltd's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.50% over the past week. While the stock has gained 2.05% in the same period, its longer-term performance remains concerning, with a 1-month return of -2.75% compared to the Sensex's -2.54%. The stock's significant underperformance over the past year, coupled with a high PEG ratio of 27.6 and a decline in institutional stakes, suggests that while there may be short-term gains, the overall market sentiment towards the stock remains cautious.