Why is Hindcon Chemical falling/rising?

As of 11-Sep, Hindcon Chemicals Ltd is experiencing a decline in its stock price, currently at 31.96, reflecting a decrease of 0.71 or 2.17%. The stock has underperformed its sector by 2.03% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a slight decline of 0.41%, and its year-to-date performance shows a significant drop of 28.41%. Additionally, the company's operating profit has decreased at an annual rate of 6.02% over the last five years, and its profits have fallen by 22.6% in the past year, contributing to a negative sentiment around the stock. The low debt-to-equity ratio indicates financial stability, but the high price-to-book value suggests that the stock is trading at a premium compared to its peers.
In the broader market context, while the Sensex has gained 1.10% over the past week, Hindcon Chemicals has not only underperformed the market but has also shown a stark contrast with a year-over-year return of -38.36% compared to the BSE500's negative return of -2.29%. This underperformance highlights the challenges the company faces, particularly in light of its flat results and low return on capital employed (ROCE) of 10.70%. The falling investor participation, evidenced by an 8.94% drop in delivery volume, further indicates a lack of confidence among investors, reinforcing the stock's downward trend.