Why is HLE Glascoat falling/rising?

As of 28-Aug, HLE Glascoat Ltd is experiencing a decline in its stock price, currently at 510.85, reflecting a decrease of 18.05 points or 3.41%. The stock has underperformed its sector by 2.27% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.78%. It opened significantly lower, with a gap down of 5.44%, and reached an intraday low of Rs 500.15. Despite a strong performance over the past month with an 18.18% increase, the stock has seen a notable decline in investor participation, with delivery volume plummeting by 80.3% compared to the five-day average. While the company boasts high management efficiency and positive financial results, concerns about poor long-term growth and an expensive valuation relative to its peers may be contributing to the current price drop.
In the broader market context, HLE Glascoat's recent performance contrasts with the benchmark, as the Sensex has declined by 2.34% over the past week. Although the stock has outperformed the benchmark over the past year with a return of 23.80% compared to the Sensex's drop of 2.08%, the recent negative momentum suggests a shift in investor sentiment. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume indicates a potential lack of confidence among investors, which could be exacerbated by the stock's high valuation metrics and concerns regarding its long-term growth prospects.