Why is HLE Glascoat falling/rising?

As of 24-Jun, HLE Glascoat Ltd's stock price is rising, currently at 459.45, reflecting an increase of 25.15 (5.79%). The stock has shown strong performance today, outperforming its sector by 6.51% and achieving a consecutive gain over the last three days, with a total return of 9.56% during this period. It has also traded above its moving averages across various time frames, indicating positive momentum. The company reported a significant growth in net profit of 207.78%, with a notable increase in both profit before tax and profit after tax compared to previous quarters. However, there are concerns regarding long-term growth, as operating profit has only grown at an annual rate of 9.69% over the past five years, and the stock has underperformed against benchmarks over the last three years.
In the broader market context, HLE Glascoat's short-term return of 3.20% over the past week and 13.87% over the past month significantly outpaces the Sensex, which has returned 0.58% and 0.41% respectively during the same periods. This indicates that while the stock is experiencing a positive trend, it has struggled with consistent underperformance over the longer term, as evidenced by its -4.05% return over the past year compared to the Sensex's 6.10%. Despite these challenges, the recent positive financial results and rising investor participation suggest a renewed interest in the stock, contributing to its current upward movement.