Why is Finolex Inds. falling/rising?

As of 13-Aug, Finolex Industries Ltd is currently priced at 190.95, reflecting an increase of 0.95, or 0.5%. The stock has been gaining over the last three days, with a total return of 1.09% during this period. However, it has underperformed its sector by 0.4% today and is trading below all its moving averages, indicating a potential weakness in its price momentum. Over the past year, the stock has generated a return of -32.55%, significantly underperforming the benchmark Sensex, which has seen a modest gain of 2.01%. The company's low debt-to-equity ratio and fair valuation suggest some stability, but the significant drop in profits and negative operating growth over the past five years raise concerns about its long-term prospects.
In the broader market context, while the stock has shown some short-term recovery, it remains in a downward trend compared to the benchmark. The Sensex has only slightly declined by 0.01% over the past week, while Finolex Industries has dropped by 2.45% in the same period. Additionally, the decrease in institutional investor participation, which has fallen by 0.78% in the last quarter, may indicate a lack of confidence in the company's future performance. This combined with the negative financial results reported recently, including a significant decline in profit before tax and net sales, suggests that the stock's recent rise may not be sustainable in the face of ongoing challenges.