Why is HLE Glascoat falling/rising?

As of 18-Jul, HLE Glascoat Ltd's stock price is currently at 413.10, reflecting a decrease of 4.4 points or 1.05%. Today's price summary indicates that the stock has underperformed its sector by 0.28%. The stock's performance over the past week shows a decline of 0.82%, while it has fallen 4.60% over the past month. Despite a year-to-date increase of 11.86%, the stock has experienced a significant drop of 6.92% over the past year and a staggering 38.76% decline over the past three years. However, the company has shown strong financial performance, with a net profit growth of 207.78% and a high return on capital employed (ROCE) of 21.26%. The stock is currently trading at a discount compared to its peers, which may suggest a fair valuation despite recent price declines.
In the broader market context, the Sensex has shown a slight decline of 0.90% over the past week, which is comparable to HLE Glascoat's performance. The stock's recent underperformance can be attributed to falling investor participation, as evidenced by a 56.69% drop in delivery volume compared to the five-day average. While the stock remains liquid enough for trading, the overall market sentiment appears to be cautious, reflected in the stock's inability to maintain momentum despite its positive financial indicators. The combination of high management efficiency and strong profit growth may support a hold recommendation, but the recent price drop indicates that investor confidence may be wavering in the short term.