Why is HLE Glascoat falling/rising?

As of 11-Sep, HLE Glascoat Ltd's stock price is currently at 535.45, reflecting a decline of 24.3 points or 4.34%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total drop of 6.9% during this period. Today's trading saw the stock reach an intraday low of Rs 533.3, and the volume traded was notably lower than average, indicating a decrease in investor participation. Despite a strong performance over the past month with a return of 22.63%, the stock's recent downturn contrasts sharply with its year-to-date gain of 44.99% and a one-year return of 32.14%. The company has demonstrated high management efficiency and positive financial results, but concerns about 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 increased by 1.03% over the past week. While the stock has outperformed the market over the past month and year, the recent three-day decline suggests a shift in sentiment among investors. The stock's liquidity remains adequate, but the falling delivery volume indicates a potential decrease in demand. Overall, while the company has shown strong financial metrics and market-beating performance, the short-term price drop may reflect investor caution regarding its long-term growth prospects and valuation concerns.