Why is HLE Glascoat falling/rising?

As of 01-Sep, HLE Glascoat Ltd's stock price is rising, currently at 545.40, reflecting an increase of 18.95 or 3.6%. The stock has shown strong performance recently, gaining 6.68% over the last two days and is only 1.45% away from its 52-week high. It has outperformed its sector by 2.4% today and is trading above all its moving averages, indicating positive momentum. Additionally, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 21.26%, and its recent financial results have shown significant growth in 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 13.07% over the last five years, and the stock is considered to have an expensive valuation relative to its peers.
In the broader market context, HLE Glascoat's short-term return of 0.59% over the past week contrasts sharply with the Sensex, which has declined by 1.56% during the same period. This indicates that HLE Glascoat is performing well against the backdrop of a generally negative market trend. Furthermore, while the stock has generated a return of 32.70% over the past year, the broader market has faced negative returns of -4.75%, highlighting the stock's resilience and market-beating performance despite the overall downturn.