Why is Hindcon Chemical falling/rising?

As of 29-Jul, Hindcon Chemicals Ltd is experiencing a price increase, currently at 33.86, reflecting a change of 0.51 or 1.53% upward. Despite this positive movement today, the stock has shown a decline of 4.59% over the past week and 3.64% over the past month. The stock is trading below its moving averages across various time frames, indicating a generally bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 71.94% against the 5-day average. The company has a low debt-to-equity ratio, which is a positive factor, but it also faces challenges such as poor long-term growth, with net sales and operating profit declining over the past five years.
In the broader market context, while the Sensex has shown a slight decline of 0.96% over the past week, Hindcon Chemicals has underperformed significantly with a 4.59% drop in the same period. Over the past year, the stock has generated a return of -34.80%, contrasting sharply with the Sensex's minor decline of 0.06%. This underperformance is compounded by the company's flat results and declining profitability metrics, leading to a perception of an expensive valuation compared to its peers. Overall, while there is a short-term uptick in price, the long-term outlook remains concerning, contributing to a mixed sentiment among investors.