Why is Hindcon Chemical falling/rising?

As of 24-Sep, Hindcon Chemicals Ltd is experiencing a decline in its stock price, currently at 32.58, reflecting a decrease of 0.44 or 1.33%. The stock has underperformed its sector today by 0.84%, despite showing higher performance than its 5-day and 20-day moving averages. Over the past week, the stock has gained 1.02%, while it has seen a modest increase of 0.84% over the past month. However, the longer-term outlook is concerning, with a year-to-date decline of 27.02% and a significant drop of 34.70% over the past year. The company's low debt-to-equity ratio is a positive aspect, but it faces challenges such as poor long-term growth, evidenced by a -6.02% annual rate of operating profit decline over the last five years and a recent drop in profits by 22.6%.
In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has risen by 5.97% year-to-date. Although the stock has shown some resilience in the short term, its overall performance has lagged significantly behind the market, particularly over the past year where it has underperformed the BSE500 index, which fell by only 5.32%. This underperformance, combined with a high price-to-book value ratio and low return on equity, suggests that investors may be cautious about the stock's future potential, contributing to its current downward price movement.