Why is Hindcon Chemical falling/rising?

As of 08-Sep, Hindcon Chemicals Ltd is experiencing a decline in its stock price, currently at 32.17, reflecting a decrease of 0.63 or 1.92%. The stock has underperformed its sector today by 2.43%, and it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has shown a slight increase of 0.25%, but it has significantly underperformed over the longer term, with a year-to-date decline of 27.93% and a one-year drop of 38.58%. The company's operating profit has decreased at an annual rate of 6.02% over the last five years, and its recent financial performance indicates a decline in profitability, with a PAT of Rs 1.90 crore reflecting a drop of 38.51% in the last six months. Additionally, the stock is trading at a premium compared to its peers, with a price-to-book value of 3.2, suggesting an expensive valuation.
In the broader market context, the Sensex has increased by 0.60% over the past week, contrasting with Hindcon Chemicals' modest gain. While the market has generated negative returns of 3.07% over the past year, Hindcon's performance has been significantly worse, with a return of -38.58%. This stark underperformance highlights the company's struggles relative to the market. Despite a low debt-to-equity ratio and rising investor participation, the overall sentiment remains negative due to poor long-term growth prospects and declining profitability, which are contributing factors to the stock's current downward trend.