Why is Hindcon Chemical falling/rising?

As of 12-Sep, Hindcon Chemicals Ltd is experiencing a slight decline in its stock price, currently at 31.91, reflecting a decrease of 0.05 or 0.16%. The stock has underperformed its sector today by 1.04%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 2.71%, and it has shown a significant decline of 28.52% year-to-date. Despite a rise in delivery volume by 57.93% against the 5-day average, the company faces challenges such as poor long-term growth, with operating profit declining at an annual rate of 6.02% over the last five years and a return on equity (ROE) of only 7.2%, indicating a high valuation compared to its peers.
In the broader market context, while the Sensex has gained 1.51% over the past week and 2.56% over the past month, Hindcon Chemicals has struggled to keep pace, reflecting a stark contrast to the market's performance. The stock's year-long return of -38.42% significantly undercuts the BSE500's decline of only 3.45%, highlighting its underperformance in a generally recovering market. This disparity, combined with flat results and a low return on capital employed (ROCE) of 10.70%, suggests that investor sentiment remains cautious, contributing to the stock's downward trajectory.