Why is Hind.Adhesive falling/rising?

As of 25-Aug, Hindustan Adhesives Ltd's stock price is currently at Rs 323.00, reflecting an increase of Rs 6.7, or 2.12%. The stock has shown a mixed performance recently, with a slight increase of 0.62% over the past week, but a decline of 1.06% over the past month. Today's performance indicates that the stock has outperformed its sector by 1.87%, reaching an intraday high of Rs 323. However, it is important to note that the stock is trading below its 50-day, 100-day, and 200-day moving averages, indicating some weakness in the longer-term trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 45.88% compared to the 5-day average. While the company has demonstrated healthy long-term growth with an annual operating profit increase of 60.71%, it also faces challenges such as a high Debt to EBITDA ratio of 2.75 times and a recent decline in net sales.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.45% over the past week, Hindustan Adhesives Ltd's performance has been slightly better in the short term. However, the stock has underperformed the benchmark over the longer term, with a year-to-date decline of 21.39% against the Sensex's gain of 4.48%. Despite the attractive valuation and a PEG ratio of 0.5, the stock's negative returns over the past year and three years, coupled with its high debt levels and recent poor financial results, suggest that investors remain cautious. Overall, while there are some positive indicators for the company's growth potential, the prevailing debt issues and recent performance trends contribute to a complex outlook for the stock.