Why is Hindcon Chemical falling/rising?

As of 09-Sep, Hindcon Chemicals Ltd is currently priced at 32.51, reflecting an increase of 0.34 or 1.06%. Despite this positive movement today, the stock has underperformed in the longer term, with a year-to-date decline of 27.17% and a one-year drop of 36.71%. Today's performance indicates that the stock has outperformed its sector by 1.12%, but it is trading below all its moving averages, which suggests a bearish trend overall. Additionally, while the company has a low debt-to-equity ratio, its operating profit has decreased at an annual rate of -6.02% over the past five years, and its recent profit after tax has fallen by 38.51%, contributing to a perception of poor long-term growth.
Broader market context shows that while the Sensex has gained 1.18% over the past week and 2.07% over the past month, Hindcon Chemicals has experienced a decline of 1.66% and 0.18% respectively during the same periods. This stark contrast highlights the stock's struggles relative to the broader market, which has generated a negative return of -2.87% in the last year compared to Hindcon's significant loss. The company's high price-to-book value ratio further indicates that it is trading at a premium compared to its peers, which may deter potential investors amidst its declining profitability and performance metrics.