Why is Finolex Inds. falling/rising?

As of 01-Aug, Finolex Industries Ltd is experiencing a decline in its stock price, currently at Rs 200.90, reflecting a decrease of Rs 8.1 or 3.88%. The stock has underperformed its sector by 2.57% today and has been on a consecutive downward trend for the last two days, with a total drop of 5.24% in that period. It opened lower today, down by 2.37%, and reached an intraday low of Rs 200.3, marking a decline of 4.16%. Over the past week, the stock has decreased by 3.62%, and its performance over the last month shows a drop of 6.73%. The company has a low debt-to-equity ratio, but its long-term growth prospects are poor, with operating profit declining at an annual rate of -0.46% over the last five years. Additionally, the stock's valuation appears expensive with a Price to Book Value of 2, and it has generated a significant return of -36.11% over the past year, despite a slight profit increase of 0.7%. In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 1.06% over the past week. Institutional investors have reduced their stake in the company by 0.78% in the previous quarter, indicating a lack of confidence from those with more resources to analyze the company's fundamentals. This decline in institutional participation, coupled with the stock's significant underperformance compared to the market's negative return of -4.13% over the past year, suggests that investor sentiment is weak, contributing to the ongoing price decline of Finolex Industries Ltd.