Why is HLE Glascoat falling/rising?

As of 30-Jun, HLE Glascoat Ltd's stock price is rising, currently at 469.10, reflecting an increase of 23.0 or 5.16%. The stock has shown a positive trend today, outperforming its sector by 3.99% and reversing a two-day decline. It reached an intraday high of Rs 484, indicating strong buying interest. Over the past week, the stock has gained 8.01%, and year-to-date, it has risen by 27.02%. Despite a recent drop in delivery volume by 37.4%, the stock remains liquid enough for trading. The company has reported impressive financial results, including a net profit growth of 207.78% and a high return on capital employed (ROCE) of 21.26%, which contribute positively to investor sentiment.
In the broader market context, HLE Glascoat's short-term performance significantly outpaces the benchmark, with a 1-week return of 8.01% compared to the Sensex's 2.09%. However, the stock has struggled over the longer term, underperforming against the benchmark over the past three years and generating a negative return of -3.32% in the last year. While the stock is currently trading at a discount compared to its peers, concerns about its long-term growth potential and high valuation metrics may temper enthusiasm among some investors. Overall, the recent price increase reflects a combination of strong short-term performance and positive financial results, despite underlying risks related to long-term growth and historical underperformance.