Why is Himadri Special falling/rising?

As of 18-Sep, Himadri Speciality Chemical Ltd's stock price is currently at 469.20, reflecting an increase of 1.25, or 0.27%. The stock has outperformed its sector by 0.77% today and has shown a consecutive gain over the last two days, rising by 1.19% in that period. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 19.79% and a one-year drop of 29.23%. Positive factors contributing to the stock's movement include a strong ability to service debt, as indicated by a low Debt to EBITDA ratio of 1.44 times, and healthy long-term growth with an annual operating profit increase of 49.78%. However, the stock is considered expensive with a high Price to Book Value ratio of 6.2, and despite rising profits, it has significantly underperformed the market.
Broader market context shows that while the Sensex has gained 1.80% over the past week and 2.14% over the past month, Himadri's stock has declined by 1.01% and 0.59% respectively during the same periods. The stock's performance has been notably weaker over the past year compared to the broader market, which saw a negative return of only 1.96%. This stark contrast highlights the challenges faced by Himadri Speciality Chemical Ltd, as it struggles to align its performance with the overall market trends despite some positive operational metrics.