Why is Hindcon Chemical falling/rising?

As of 05-Sep, Hindcon Chemicals Ltd is currently priced at 32.80, reflecting an increase of 0.71 or 2.21%. The stock has outperformed its sector today by 2.85%, although it is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive movement, the stock has shown a decline of 1.80% over the past month and a significant drop of 26.52% year-to-date. The company has a low debt-to-equity ratio, which is a positive factor, but it has also experienced poor long-term growth, with operating profit declining at an annual rate of 6.02% over the last five years. The recent performance has been hindered by a flat PAT growth of -38.51% in the latest six months and a low return on capital employed (ROCE) of 10.70%, indicating challenges in profitability.
In the broader market context, the stock's short-term return of 2.79% over the past week has outperformed the Sensex, which increased by 1.29%. However, the stock has underperformed the market significantly over the past year, with a return of -38.65% compared to the Sensex's decline of only 1.61%. This stark contrast highlights the stock's struggles relative to the broader market, despite some recent positive movement. The overall sentiment remains cautious due to the company's expensive valuation and declining profits, which may continue to weigh on investor confidence moving forward.