Why is Finolex Inds. falling/rising?

As of 25-Aug, Finolex Industries Ltd is currently priced at 212.00, reflecting a slight increase of 0.2 (0.09%). The stock has been gaining momentum, with a consecutive gain over the last three days, resulting in a total return of 4.07% during this period. In the past week, the stock has outperformed the benchmark Sensex, with a return of +6.53% compared to the Sensex's +0.45%. However, despite this short-term positive movement, the company has faced challenges, including a decline in operating profit over the last five years and negative results reported for the most recent quarter, which have contributed to a year-to-date decline of -15.71% and a one-year return of -26.35%. Additionally, institutional investors have reduced their stakes, indicating a lack of confidence in the stock's long-term growth potential.
In the broader market context, while the stock has shown positive short-term performance, it has significantly underperformed the market over the past year, where the BSE500 index recorded a negative return of -2.11%. The stock's recent gains may be attributed to rising investor participation, as evidenced by a substantial increase in delivery volume, suggesting renewed interest among retail investors. However, the overall sentiment remains cautious due to the company's poor long-term growth prospects and declining profitability, which may hinder its ability to sustain upward momentum in the face of broader market trends.