Why is HCP Plastene falling/rising?

As of 23-Sep, HCP Plastene Bulkpack Ltd's stock price is currently at Rs 165.00, reflecting a decrease of Rs 3.1 or 1.84%. The stock has been underperforming, having fallen for the last two consecutive days with a total decline of 2.51%. Despite opening with a gain of 3.93% today and reaching an intraday high of Rs 174.7, the stock's performance has been erratic, with significant drops in delivery volume, which fell by 91.35% compared to the 5-day average. Over the past week, the stock has shown a modest increase of 1.23%, but it has declined by 6.25% over the past month and 8.33% over the past year, indicating a challenging trend despite positive financial results in recent quarters.
In the broader market context, HCP Plastene's recent performance contrasts with the Sensex, which has experienced a slight decline of 0.34% over the past week. While the stock has shown a year-to-date return of 7.84%, it has significantly lagged behind the benchmark over longer periods, particularly with a staggering 60.47% decline over the past three years compared to the Sensex's 41.31% gain. Despite the company's high management efficiency and positive financial indicators, such as a 577% increase in profits over the past year, the stock's valuation remains under pressure, leading to its current downward trajectory.