Why is HLE Glascoat falling/rising?

As of 02-Sep, HLE Glascoat Ltd's stock price is currently at Rs. 527.50, reflecting a decrease of Rs. 17.9 or 3.28%. The stock recently hit a new 52-week high of Rs. 565 but has since fallen after two consecutive days of gains. Today's performance indicates that it underperformed its sector by 4.85%, with intraday fluctuations showing a high of Rs. 565 and a low of Rs. 518.55. Despite trading above its moving averages, the stock has experienced a decline in investor participation, with delivery volume dropping by 9.72% against the five-day average. Over the past month, the stock has shown strong performance with a return of 20.50%, significantly outperforming the Sensex, which fell by 0.55%. However, the long-term growth outlook appears poor, with operating profit growth averaging only 13.07% over the last five years.
Broader Market Context: In the context of the broader market, HLE Glascoat's recent performance contrasts with the benchmark, as it has generated a return of 29.43% over the past year while the Sensex has declined by 2.91%. This indicates that the stock has been able to outperform the market despite recent price declines. The stock's high management efficiency, reflected in a return on capital employed (ROCE) of 21.26%, and strong quarterly growth in profits suggest underlying strength. However, concerns about its expensive valuation and poor long-term growth prospects may be contributing to the current downward price movement.