Why is HLE Glascoat falling/rising?

As of 03-Sep, HLE Glascoat Ltd's stock price is rising, currently at Rs 532.30, reflecting an increase of 4.8 (0.91%). The stock has shown strong performance today, outperforming its sector by 0.61% and reaching an intraday high of Rs 540.75. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past month, the stock has gained 21.60%, significantly outperforming the Sensex, which has remained nearly flat at -0.04%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 21.26%, and its recent financial results show substantial growth in profit before tax and profit after tax compared to previous quarters.
In the broader market context, HLE Glascoat's short-term return of +0.64% over the past week contrasts with the Sensex's decline of -0.27%, highlighting the stock's resilience amid a challenging market environment. Despite the stock's impressive performance over the past year, where it generated a return of 30.71% while the broader market faced a decline of -2.41%, concerns about long-term growth persist due to a relatively low annual operating profit growth rate of 13.07% over the last five years. Additionally, while the stock is trading at a discount compared to its peers, its valuation remains high with a PEG ratio of 0.8, suggesting that investors should be cautious about potential overvaluation despite the recent positive momentum.