Why is Haldyn Glass falling/rising?

As of 18-Jul, Haldyn Glass Ltd is currently priced at 131.55, reflecting a decrease of 0.15 (-0.11%). The stock has been experiencing a decline, having fallen for the last two days with a total return of -3.87% during this period. Despite this recent downturn, Haldyn Glass has outperformed its sector today by 2.6%. Over the past week, the stock has shown a positive return of 2.17%, and it has significantly outperformed the benchmark Sensex over the past month with a return of 27.29%. However, the company has faced challenges, including a 23.4% decline in profits over the past year, which has contributed to a negative annual return of -3.70%. The low Debt to EBITDA ratio of 1.12 indicates a strong ability to service debt, but the flat results in recent quarters and the lack of domestic mutual fund investment may signal concerns about long-term growth prospects.
In the broader market context, Haldyn Glass's recent performance contrasts with the Sensex, which has seen a decline of 0.90% over the past week. The glass sector itself has also faced a downturn, falling by 2.68%. While Haldyn Glass has shown strong returns over a three-year period at +247.56% and a five-year period at +440.25%, the recent drop in investor participation, as evidenced by a significant decrease in delivery volume, raises concerns about liquidity and market confidence. Overall, the combination of recent poor performance, declining profits, and limited interest from domestic mutual funds suggests that while the stock has potential, its current trajectory is influenced by both internal challenges and broader market conditions.