Why is Finolex Inds. falling/rising?

As of 01-Oct, Finolex Industries Ltd is currently priced at 200.10, reflecting a decrease of 0.1, or 0.05%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.61% during this period. In the past week, the stock has decreased by 4.83%, while over the last month, it has dropped 6.34%. Additionally, the company has reported poor long-term growth, with operating profit declining at an annual rate of 5.64% over the last five years. Negative financial results, including a significant drop in profit before tax and net sales, have contributed to the stock's downward trend. Furthermore, institutional investor participation has decreased, indicating a lack of confidence in the stock's future performance.
In the broader market context, the Sensex has experienced a minor decline of 0.90% over the past week, which suggests that the overall market sentiment is relatively stable compared to Finolex's sharper decline. The stock's performance has been notably below par, generating a return of -28.15% over the past year, while the benchmark has only fallen by 3.90%. This stark contrast highlights the stock's struggles not just in the short term but also in the long term, as it has underperformed against the BSE500 across multiple time frames. The combination of poor financial results, declining institutional interest, and significant underperformance relative to the market contributes to the stock's current downward trajectory.