Why is Finolex Inds. falling/rising?

As of 12-Aug, Finolex Industries Ltd is currently priced at 190.00, reflecting an increase of 0.85, or 0.45%. The stock has been gaining for the last two days, with a return of 0.58% during this period, and it has outperformed its sector by 2.88%. However, the stock is trading below its moving averages across various time frames, indicating potential weakness. Over the past year, Finolex has experienced a significant decline of 34.26%, while its profits have fallen by 25.8%. The company has a low debt-to-equity ratio and is trading at a discount compared to its peers, but it has also shown poor long-term growth with operating profit declining at an annual rate of 5.64% over the last five years.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the BSE500 generating negative returns of only 2.11% over the last year. The stock's recent gains come amidst a backdrop of declining participation from institutional investors, who have reduced their stake in the company. This lack of confidence from institutional investors, combined with the overall negative sentiment in the plastic products sector, which has fallen by 2.38%, suggests that while there may be short-term gains, the long-term outlook remains challenging for Finolex Industries Ltd.