Why is Hindcon Chemical falling/rising?

As of 25-Jun, Hindcon Chemicals Ltd is currently priced at 34.96, reflecting an increase of 0.4, or 1.16%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 174.84% against the 5-day average. Over the past week, the stock has declined by 2.10%, while it has shown a slight increase of 0.37% over the past month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 21.68% and a one-year drop of 33.56%. The company's low debt-to-equity ratio is a positive factor, but poor long-term growth metrics, such as negative annual growth rates in net sales and operating profit, weigh heavily on its performance.
In the broader market context, the Sensex has gained 1.74% over the past week and 1.58% over the past month, indicating that the stock is lagging behind the benchmark indices. While the market has shown resilience with a 6.77% increase year-to-date, Hindcon Chemicals has struggled, reflecting a significant disconnect between the company's performance and the overall market trends. The stock's valuation appears expensive compared to its peers, with a price-to-book value of 3.4, and its profitability has declined, as evidenced by a 37.9% drop in profits over the past year. This combination of underperformance relative to the market and concerning financial metrics contributes to the stock's recent price movements.