Why is Hind.Adhesive falling/rising?

As of 17-Sep, Hindustan Adhesives Ltd is experiencing a price increase, currently at Rs 328.85, reflecting a rise of Rs 9.35 or 2.93%. Today's price performance indicates that the stock outperformed its sector by 3.54%, reaching an intraday high of Rs 336, which is a 5.16% increase. Over the past week, the stock has gained 1.32%, and in the last month, it has risen by 5.10%. Despite a year-to-date decline of 19.97%, the company has shown healthy long-term growth with an annual operating profit increase of 60.71%. However, it faces challenges such as a high Debt to EBITDA ratio of 2.75 times and a negative performance in net sales, which fell by 6.8% in the last quarter.
Broader market context shows that while Hindustan Adhesives has struggled in the long term, it has recently shown some resilience. The stock's short-term performance of +1.32% over the past week is slightly below the benchmark Sensex, which gained 1.56% in the same period. Despite the stock's underperformance over the last three years and a negative return of -14.16% in the past year, the rising investor participation and attractive valuation compared to peers may be contributing to the recent upward price movement.