Why is Hind.Adhesive falling/rising?

As of 23-Jul, Hindustan Adhesives Ltd's stock price is currently at Rs 329.85, reflecting an increase of Rs 8.75 or 2.73%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It outperformed its sector by 2.24% today, with a notable rise in delivery volume, which increased by 68.28% compared to the 5-day average. However, despite this positive movement, the stock has underperformed over the past month and year, with returns of -2.15% and -18.96%, respectively. The company has a healthy long-term growth outlook, with an operating profit growth rate of 58.80%, but it faces challenges such as a high Debt to EBITDA ratio of 2.75 times and a decline in profits by 6.2% over the past year.
In the broader market context, the stock's short-term performance of +2.12% over the past week contrasts with the Sensex, which has only increased by 0.11%. This indicates that while Hindustan Adhesives Ltd is experiencing a temporary rebound, its long-term performance remains concerning, as it has generated negative returns over the past year and three years, underperforming the BSE500 index. The stock's attractive valuation compared to peers may provide some support, but the high debt levels and recent negative financial results suggest caution for investors.