Why is Hindcon Chemical falling/rising?

As of 23-Sep, Hindcon Chemicals Ltd is experiencing a price increase, with its current price at 33.02, reflecting a change of 0.81 or 2.51% upward. The stock has outperformed its sector by 3.07% today, although it is trading above its 5-day and 20-day moving averages but below its 50-day, 100-day, and 200-day moving averages. Despite this positive movement, the stock has shown a significant decline over the long term, with a year-to-date drop of 26.03% and a one-year decline of 34.13%. The company has a low debt-to-equity ratio, which is favorable, but it has faced challenges such as a -6.02% annual growth in operating profit over the last five years and a -38.51% decrease in profit after tax in the latest six months.
In the broader market context, the stock's short-term return of +2.51% over the past week contrasts with the Sensex, which has decreased by 0.28% during the same period. While the stock has shown some resilience in the short term, it has underperformed the market significantly over the past year, where the BSE500 index recorded a decline of only -4.69%. This underperformance, coupled with a high price-to-book value ratio and declining profits, suggests that the stock may be trading at a premium compared to its peers, contributing to investor caution despite the recent uptick in price.