Why is HLE Glascoat falling/rising?

As of 22-Sep, HLE Glascoat Ltd's stock price is currently at Rs 512.65, reflecting a decrease of Rs 10.3 or 1.97%. Today's performance indicates that the stock has underperformed its sector by 1.41%, following a trend reversal after two consecutive days of gains. The stock reached an intraday high of Rs 536.35 but fell to a low of Rs 507, with more trading volume occurring closer to the lower price. Over the past week, the stock has declined by 2.54%, while it has shown a year-to-date increase of 38.82%. Despite positive financial indicators such as a high return on capital employed (ROCE) of 21.26% and significant growth in profit before tax and profit after tax, the stock faces challenges due to poor long-term growth prospects and a relatively high valuation compared to its peers.
Broader market context shows that while HLE Glascoat has generated a return of 28.16% over the past year, the benchmark index, Sensex, has experienced a decline of 2.82%. In the short term, the stock's performance has lagged behind the market, as indicated by its negative returns over the past week and month, contrasting with the Sensex's positive return of 0.46% in the last week and 1.05% in the last month. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that market sentiment may be shifting negatively towards HLE Glascoat, contributing to its recent price decline.