Why is Finolex Inds. falling/rising?

As of 18-Aug, Finolex Industries Ltd is experiencing a price increase, currently trading at Rs 199.00, which reflects a rise of Rs 11.8 or 6.3%. The stock has outperformed its sector by 3.52% today and reached an intraday high of Rs 199.8. Over the past week, the stock has shown a positive return of 5.21%, although it has underperformed over the last month and year-to-date with declines of 5.53% and 20.87%, respectively. Despite a low debt-to-equity ratio, the company has faced challenges such as a significant drop in operating profit and net sales, which have decreased by 5.64% annually over the last five years. Additionally, institutional investor participation has declined, indicating a lack of confidence in the stock's long-term growth potential.
Broader market context reveals that while the Sensex has gained 0.83% over the past week, Finolex Industries Ltd's recent performance has been notably stronger, suggesting a short-term recovery or positive sentiment among investors. However, the stock has underperformed the broader market significantly over the past year, with a return of -30.54% compared to the Sensex's 1.04% gain. This disparity highlights ongoing concerns regarding the company's profitability and growth prospects, despite today's positive movement in price.