Why is Hind.Adhesive falling/rising?

As of 20-Oct, Hindustan Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 311.30, which reflects a decrease of Rs 4.7 or 1.49%. The stock has underperformed its sector by 1.38% today and has shown erratic trading patterns, not trading on one day out of the last 20. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.89%, and year-to-date, it has fallen by 24.24%, significantly underperforming the Sensex, which has gained 7.97% during the same period. However, there has been a rise in investor participation, with delivery volume increasing by 16.87% against the 5-day average.
Broader Market Context: In comparison to the benchmark, Hindustan Adhesives Ltd's recent performance has been notably poor, with a 1-month decline of 9.02% against the Sensex's gain of 2.10%. This stark contrast highlights the stock's struggles relative to the broader market, which has been performing positively. The overall liquidity of the stock remains adequate, as it is liquid enough for trade sizes, but the persistent underperformance and negative returns over various periods suggest that investor sentiment may be cautious, contributing to the stock's downward movement.