Why is Hindcon Chemical falling/rising?

As of 15-Sep, Hindcon Chemicals Ltd is experiencing a decline in its stock price, currently at 31.76, reflecting a decrease of 0.15 or 0.47%. The stock has underperformed its sector by 1.05% 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 fallen by 1.27%, and it has seen a significant drop of 28.85% year-to-date, indicating poor long-term growth with an annual operating profit decline of 6.02% over the last five years. Additionally, the company has reported a negative profit after tax growth of 38.51% in the latest six months, and its return on capital employed (ROCE) is at a low of 10.70%. The stock is also trading at a premium compared to its peers, with a price-to-book value of 3.1, which suggests an expensive valuation.
In the broader market context, while the Sensex has gained 1.20% over the past week, Hindcon Chemicals has not only failed to keep pace but has also significantly underperformed the market over the last year, with a return of -38.86% compared to the BSE500's -3.45%. This stark contrast highlights the stock's struggles in a generally positive market environment. Despite a rise in investor participation, as evidenced by a 57.98% increase in delivery volume, the overall sentiment remains negative due to the company's flat financial results and low growth prospects, leading to a lack of confidence among investors.