Why is HLE Glascoat falling/rising?

As of 04-Sep, HLE Glascoat Ltd's stock price is currently at 525.50, reflecting a decrease of 6.8 points or 1.28%. Today's price summary indicates that the stock underperformed its sector by 0.64%, with an intraday high of Rs 547.65, which represents a 2.88% increase from the previous close. Despite a strong performance over the past month with a return of 21.78%, the stock has seen a significant drop in investor participation, with delivery volume falling by 49.62% compared to the 5-day average. The company's management efficiency is highlighted by a high return on capital employed (ROCE) of 21.26%, and it has reported positive financial results, including a 31.4% growth in profit after tax compared to the previous four-quarter average. However, concerns about poor long-term growth and an expensive valuation relative to its peers may be contributing to the current price decline.
In the broader market context, HLE Glascoat's recent performance contrasts with the benchmark Sensex, which has only gained 0.80% over the past week. The stock's year-to-date return of 42.30% significantly outpaces the Sensex's 3.30% increase, indicating strong relative performance despite the current downturn. The stock's ability to generate a 29.04% return over the past year, while the broader market has experienced negative returns, suggests that it has been resilient. However, the recent price drop may reflect market corrections or investor caution in light of declining trading volumes and concerns about future growth prospects.