Why is HCP Plastene falling/rising?

As of 12-Sep, HCP Plastene Bulkpack Ltd's stock price is currently at Rs 163.90, reflecting an increase of Rs 1.9 or 1.17%. Today, the stock opened with a gain of 3.02% and reached an intraday high of Rs 167, indicating positive momentum. Despite this, the stock has experienced a decline of 14.64% over the past month and a significant drop of 62.51% over the last three years. However, the company has shown strong financial performance, with a 350.25% growth in profit after tax over the last six months and a 36.78% increase in net sales. The stock is trading at a discount compared to its peers, supported by a high return on capital employed (ROCE) of 44.65%, which suggests attractive valuation metrics.
In the broader market context, the stock has underperformed relative to the Sensex, which has gained 2.08% over the past month while HCP Plastene has fallen by 14.64%. Despite this, the stock has outperformed its sector by 2.18% today, indicating some investor interest. The rising delivery volume, which increased by 138.35% against the five-day average, suggests growing investor participation, potentially signaling a shift in sentiment. Overall, while the stock has faced significant challenges in the short term, its strong financial results and attractive valuation may provide a foundation for future recovery.