Why is Hind.Composites falling/rising?

As of 22-Sep, Hindustan Composites Ltd's stock price is currently at 476.45, reflecting an increase of 6.65, or 1.42%. The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -3.55% compared to a 0.46% increase in the Sensex. Additionally, the stock's performance over the past year has been poor, with a return of -17.94%, although it has seen a healthy annual growth in operating profit of 39.37%. The company's low debt-to-equity ratio and attractive valuation, indicated by a price-to-book value of 0.6, suggest potential for long-term growth, but recent flat results and low domestic mutual fund interest raise concerns.
In the broader market context, while Hindustan Composites has outperformed its sector by 1.53% today, its longer-term performance has been lackluster, particularly when compared to the Sensex, which has gained 5.15% year-to-date. The stock's declining investor participation, as evidenced by a 4.93% drop in delivery volume, indicates waning interest among investors. Furthermore, the stock's underperformance relative to the BSE500 over various time frames highlights a challenging environment for the company, which may be contributing to cautious sentiment among potential investors.