Why is HLE Glascoat falling/rising?

As of 18-Sep, HLE Glascoat Ltd's stock price is currently at Rs 515.00, reflecting an increase of Rs 5.6, or 1.1%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 0.87%. Despite a recent one-week decline of 3.82%, the stock has performed well over the past month, with a return of 23.31%. Key financial indicators suggest strong management efficiency, with a high return on capital employed (ROCE) of 21.26% and significant growth in profit before tax and profit after tax in the latest quarter. 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, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.80% over the past week. While HLE Glascoat has outperformed the market over the last year with a return of 28.09%, the overall market (BSE500) has seen negative returns of -1.96%. This indicates that despite some short-term volatility, HLE Glascoat has been able to maintain a strong position relative to the broader market, driven by solid financial results and management efficiency, although investor participation has decreased recently.