Why is HLE Glascoat falling/rising?

As of 29-Aug, HLE Glascoat Ltd is experiencing a price increase, currently at Rs 526.45, reflecting a rise of 15.6 points or 3.05%. Today's price summary indicates that the stock has outperformed its sector by 3.08% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 544.1. Over the past week, the stock has gained 1.12%, and in the last month, it has surged by 24.35%, significantly outperforming the Sensex, which has declined by 1.84% during the same period. Positive financial results, including a high return on capital employed (ROCE) of 21.26% and substantial growth in profit before tax and profit after tax, have contributed to the stock's upward movement, despite concerns over long-term growth and high valuation metrics.
Broader market context shows that while the stock has performed well, the overall market, represented by the BSE500, has generated negative returns of -5.40% over the past year. HLE Glascoat's ability to deliver a 29.10% return in the same timeframe highlights its resilience against broader market trends. However, the stock's recent performance is tempered by a significant drop in investor participation, with delivery volume falling by 74.31% compared to the five-day average, indicating potential caution among investors despite the positive short-term price movements.