Why is Finolex Inds. falling/rising?

As of 16-Sep, Finolex Industries Ltd is currently priced at 218.95, reflecting a decrease of 1.9 points or 0.86%. The stock has recently underperformed its sector by 2.03% and has experienced a trend reversal, falling after three consecutive days of gains. It touched an intraday low of Rs 216.05, indicating a decline of 2.17%. Despite trading above its moving averages, the stock has shown poor long-term growth, with operating profit declining at an annual rate of 5.64% over the last five years. Additionally, negative financial results reported in June, including a 62% fall in profit before tax and a 44.8% decrease in profit after tax, have contributed to the stock's downward movement. Institutional investor participation has also decreased, with a 0.78% reduction in their stake, suggesting a lack of confidence in the company's fundamentals.
In the broader market context, Finolex Industries has outperformed the Sensex in the short term, with a 1-week return of 4.46% compared to the benchmark's 1.58%. However, the stock has significantly underperformed over the past year, with a return of -28.42% against the Sensex's slight decline of -0.73%. This stark contrast highlights the challenges faced by Finolex Industries, particularly in terms of profitability and investor sentiment, which may be influencing its current price decline.