Why is Greenlam Industr falling/rising?

As of 20-Aug, Greenlam Industries Ltd is experiencing a price increase, currently at Rs 229.00, reflecting a rise of 4.6 or 2.05%. The stock has shown a positive performance today, outperforming its sector by 2.25% and has gained 4.73% over the last two days. However, it opened with a loss of 3.97% today, indicating volatility. The stock's recent performance shows a 4.09% increase over the past week, but it has underperformed over the last month and year-to-date, with declines of 8.58% and 20.72%, respectively. Despite a significant drop in profits by 72.9% over the past year, the stock is trading at a discount compared to its peers, which may attract some investors looking for value.
In the broader market context, the stock's short-term return of 4.09% over the past week outpaces the Sensex, which has risen by 1.64% in the same period. However, the long-term outlook remains concerning, as the stock has generated a negative return of 20.34% over the past year, underperforming the broader market indices. Additionally, falling participation from institutional investors, who have reduced their stake, may indicate a lack of confidence in the company's future growth prospects. Overall, while there are short-term gains, the long-term performance and declining investor interest suggest caution.