Why is HLE Glascoat falling/rising?

As of 19-Sep, HLE Glascoat Ltd's stock price is currently at 525.00, reflecting an increase of 10.0, or 1.94%. The stock has shown positive momentum, having gained 3.06% over the last two days and outperforming its sector by 2% today. Despite a decrease in delivery volume by 28.68% against the 5-day average, the stock remains liquid enough for trading. Over the past year, HLE Glascoat has delivered a remarkable return of 30.43%, significantly outperforming the broader market, which has seen negative returns of -0.67%. The company's strong management efficiency, indicated by a high return on capital employed (ROCE) of 21.26%, and positive quarterly results, including a 31.4% growth in profit after tax, contribute to its favorable performance.
In the broader market context, HLE Glascoat's short-term performance has been slightly lower than the benchmark Sensex, which has risen by 0.88% over the past week compared to the stock's 0.68% increase. However, the stock's year-to-date performance of 42.16% far exceeds the Sensex's 5.74%, highlighting its resilience in a challenging market environment. While the company faces risks such as poor long-term growth and an expensive valuation relative to its peers, its recent gains and strong financial metrics suggest a positive outlook that contrasts with the broader market's struggles.