Why is Hindcon Chemical falling/rising?

As of 18-Sep, Hindcon Chemicals Ltd's stock price is currently at 32.39, reflecting an increase of 0.14 or 0.43%. The stock has shown mixed performance in recent periods, with a 1-week return of +1.35%, although it has declined by 6.98% over the past month and 27.44% year-to-date. Today's performance indicates that it has outperformed its sector by 0.93%. However, the stock is trading below its longer-term moving averages, specifically lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 55.31% compared to the 5-day average. Despite a low debt-to-equity ratio, the company has faced challenges, including a poor long-term growth rate in operating profit and a significant decline in profits over the past year.
In the broader market context, while the Sensex has gained 1.67% over the past week, Hindcon Chemicals has only managed a modest increase, indicating underperformance relative to the benchmark. The stock's year-over-year decline of 36.03% starkly contrasts with the market's slight negative return of -1.96%, highlighting its struggles. The company's flat results and low return on capital employed (ROCE) further contribute to its expensive valuation, which is a concern for investors. Overall, while there are some short-term gains, the long-term outlook remains bleak, leading to a cautious sentiment among investors.