Why is Himadri Special falling/rising?

As of 17-Sep, Himadri Speciality Chemical Ltd's stock price is currently at 467.95, reflecting an increase of 4.25 or 0.92%. Today's price summary indicates that the stock has gained after three consecutive days of decline, reaching an intraday high of Rs 473.95. However, it has underperformed its sector by 0.32%. Over the past week, the stock has seen a slight decrease of 0.17%, while its one-month performance shows a modest increase of 0.27%. Despite a strong ability to service debt and healthy long-term growth, the stock has faced challenges, including a significant decline of 20% year-to-date and a 26.96% drop over the past year, despite a 37.4% increase in profits during the same period.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.56% over the past week and 2.60% over the past month. This underperformance highlights the stock's struggles, particularly given its negative returns over the last year compared to the market's slight decline of 0.46%. The stock's valuation remains a concern, as it trades at a high Price to Book Value of 6.2, which is considered expensive relative to its peers. Additionally, falling investor participation, as indicated by a 38.41% decrease in delivery volume, suggests a lack of confidence among investors, further contributing to the stock's challenges in the current market environment.