Why is HLE Glascoat falling/rising?

As of 26-Sep, HLE Glascoat Ltd is experiencing a decline in its stock price, currently at Rs 476.50, which reflects a decrease of Rs 36.9 or 7.19%. The stock has underperformed its sector by 4.9% today and has been on a downward trend for the last three days, resulting in a total decline of 10.51% during this period. Additionally, the stock has shown significant volatility with an intraday fluctuation of 5.32%. Over the past week, the stock has decreased by 8.88%, and over the past month, it has fallen by 9.91%. Despite a year-to-date increase of 29.03% and a one-year return of 16.48%, the recent performance indicates a struggle against both sector and market trends.
In the broader market context, the Sensex has only declined by 2.66% over the past week and 0.45% over the past month, suggesting that HLE Glascoat's recent performance is significantly weaker than the benchmark. The engineering sector, to which the company belongs, has also seen a decline of 2.28%. The falling investor participation, indicated by a 33.84% drop in delivery volume compared to the five-day average, further exacerbates the stock's challenges. While the company has demonstrated high management efficiency and positive financial results, these factors have not been sufficient to counteract the recent negative price movements and broader market pressures.