Why is Finolex Inds. falling/rising?

As of 05-Sep, Finolex Industries Ltd is experiencing a decline in its stock price, currently at Rs 214.15, which reflects a decrease of Rs 4.85 or 2.21%. Today's price summary indicates that the stock has underperformed its sector by 2.38% and has fallen after six consecutive days of gains, reaching an intraday low of Rs 210.1. Additionally, the stock's performance over the past week shows a modest increase of 1.11%, while it has significantly underperformed over the year with a return of -30.38%. The company's recent financial results have been disappointing, with a notable drop in operating profit and net sales, contributing to a perception of poor long-term growth. Furthermore, a decrease in institutional investor participation and a high price-to-book value ratio suggest that the stock may be overvalued relative to its peers.
In the broader market context, the stock's short-term performance is slightly better than the benchmark Sensex, which has gained 1.13% over the past week. However, the stock's year-to-date performance is concerning, as it has declined by 14.85% compared to the Sensex's increase of 3.29%. This underperformance, coupled with falling investor participation and negative financial results, indicates a lack of confidence in the stock's future prospects, contributing to its current downward trend.