Why is Finolex Inds. falling/rising?

As of 24-Oct, Finolex Industries Ltd is currently priced at 189.20, reflecting a decline of 0.8, or 0.42%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decrease of 1.3% in that period. Over the past week, the stock has decreased by 0.89%, and it has significantly underperformed the benchmark Sensex, which has gained 0.31%. Additionally, the stock has generated a return of -36.95% over the past year, while profits have decreased by 25.8%. Despite a low debt-to-equity ratio and a fair valuation, the stock's negative performance is compounded by poor long-term growth, as indicated by a -5.64% annual decline in operating profit over the last five years.
In the broader market context, the Sensex has shown a positive return of 3.05% over the past month, contrasting sharply with Finolex's -10.01% return during the same period. The stock's liquidity appears sufficient for trading, as evidenced by a significant increase in delivery volume, which rose by 284.96% against the 5-day average. However, the falling participation from institutional investors, who have reduced their stake by 0.78%, suggests a lack of confidence in the stock's future performance. This combination of poor recent returns, declining institutional interest, and underperformance relative to the broader market contributes to the stock's current downward trajectory.