Why is Hind.Adhesive falling/rising?

As of 06-Aug, Hindustan Adhesives Ltd is currently priced at 320.40, reflecting an increase of 1.9 (0.6%). The stock has been gaining for the last two days, with a total return of 1.18% during this period. However, it has underperformed in the longer term, showing a decline of 22.02% year-to-date and 22.23% over the past year. The stock touched an intraday low of Rs 311.25, indicating some volatility, and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 60.45% compared to the 5-day average, suggesting a lack of strong buying interest.
In the broader market context, Hindustan Adhesives Ltd's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 1.15% over the past week. While the stock has outperformed its sector today, the overall trend remains negative, as evidenced by its substantial losses over the year and the last three years compared to the benchmark's gains. This indicates that despite a minor uptick in price, the stock is still facing significant challenges in attracting consistent investor interest and maintaining upward momentum in the face of broader market trends.