Why is Hind.Composites falling/rising?

As of 26-Jun, Hindustan Composites Ltd is experiencing a decline in its stock price, currently at 473.10, which represents a decrease of 5.75 or 1.2%. The stock has underperformed its sector today by 1.53% and has fallen after two consecutive days of gains. In terms of performance over various periods, the stock has seen a 1.95% decline over the past week, a 1.13% increase over the past month, and a year-to-date drop of 13.67%. Despite a positive return of 4.60% over the past year, the stock's recent performance is affected by its moving averages, which indicate it is lower than the 5-day, 20-day, and 200-day averages, although it remains above the 50-day and 100-day averages. The company has a low debt-to-equity ratio and has reported strong financial results, including the highest net sales and profit after tax in the last quarter, which suggests a solid valuation despite the recent price drop.
In the broader market context, the Sensex has increased by 2.94% over the past week, contrasting with Hindustan Composites' decline. This underperformance relative to the benchmark may indicate a lack of investor confidence or sector-specific challenges affecting the company. The stock's liquidity remains adequate, with a delivery volume increase noted, suggesting some investor interest despite the price drop. Overall, while the company shows strong fundamentals and attractive valuations, the recent price movement reflects a combination of short-term market pressures and sector performance that has not favored Hindustan Composites at this time.