Why is Finolex Inds. falling/rising?

As of 20-Aug, Finolex Industries Ltd's stock price is currently at 203.70, reflecting a decrease of 1.6, or 0.78%. The stock has recently underperformed its sector by 1.11% and has experienced a trend reversal after two consecutive days of gains. Despite a notable increase in delivery volume, which rose by 49.98% against the 5-day average, the stock's performance over the past month shows a decline of 3.30%. Additionally, the company's operating profit has decreased at an annual rate of 5.64% over the last five years, and recent financial results indicate significant drops in profit before tax, profit after tax, and net sales. The stock's return over the past year is a concerning -30.26%, with profits falling by 25.8%, contributing to its expensive valuation relative to peers.
In the broader market context, the stock's short-term return of +6.68% over the past week contrasts sharply with the Sensex's return of +1.64%, indicating some recent positive momentum. However, the stock has underperformed the market significantly over the last year, where the BSE500 index generated a return of -1.20%. The decline in institutional investor participation, with a decrease of 0.78% in their stake, further suggests a lack of confidence in the stock's long-term growth potential. Overall, while there are some short-term gains, the negative financial indicators and broader market underperformance are likely contributing to the stock's current downward movement.