Why is Hind.Adhesive falling/rising?

As of 15-Jul, Hindustan Adhesives Ltd is experiencing a price increase, currently at 325.00, reflecting a change of 3.9 or 1.21% upward. The stock opened with a gain of 2.68% today and reached an intraday high of Rs 332, indicating positive momentum. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a longer-term downtrend. Despite this, there has been a significant increase in investor participation, with delivery volume rising by 145.82% compared to the 5-day average. The stock has underperformed its sector by 0.31%, and its returns over the past week, month, and year have been negative, with a year-to-date decline of 20.91%.
In the broader market context, Hindustan Adhesives Ltd has underperformed the benchmark Sensex, which has shown a positive return of 5.67% year-to-date. Over the past week, the stock has declined by 4.36%, while the Sensex has only dropped by 1.36%. This indicates that while the stock is experiencing a short-term rise today, its overall performance remains weak compared to the market. The negative returns over various periods highlight ongoing challenges for the company, despite today's positive price movement.