Why is Hindcon Chemical falling/rising?

As of 17-Oct, Hindcon Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 30.77, which reflects a decrease of Rs 0.43 or 1.38%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 2.5% away from it. Over the past week, the stock has underperformed the sector by 1.06%, and its delivery volume has decreased significantly, falling by 33.33% compared to the 5-day average. The company has shown poor long-term growth, with an operating profit decline of 6.02% annually over the last five years and a substantial drop in profits of 38.51% in the latest six months.
In the broader market context, Hindcon Chemicals has underperformed against the benchmark Sensex, with a one-week return of -1.72% compared to the Sensex's gain of 1.68%. The stock has also generated a return of -36.53% over the past year, while the Sensex has increased by 3.88%. This stark contrast highlights the stock's struggles in both the short and long term, as it has consistently lagged behind broader market performance. The company's high valuation, with a Price to Book Value of 2.9, further exacerbates investor concerns, especially given its low return on equity of 7 and the significant decline in profits over the past year.