Why is HLE Glascoat falling/rising?

As of 03-Nov, HLE Glascoat Ltd's stock price is rising, currently at Rs. 643.00, reflecting an increase of Rs. 70.4 or 12.29%. The stock has recently hit a new 52-week high of Rs. 662 and has outperformed its sector by 11.56%. Over the past week, it has gained 22.6%, and it is trading above all key moving averages, indicating strong momentum. However, there has been a decline in investor participation, with delivery volume falling by 36.86% compared to the 5-day average. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 21.26%, and its recent financial results show significant growth in profit before tax and profit after tax, contributing to positive sentiment around the stock.
In the broader market context, HLE Glascoat's performance stands out, particularly with a year-to-date return of 74.11%, significantly surpassing the benchmark Sensex's return of 7.47%. While the stock has shown impressive short-term gains, it is important to note that its long-term growth has been less robust, with operating profit growth averaging only 13.07% over the past five years. Despite this, the stock's recent performance has been bolstered by strong financial results and a favorable PEG ratio of 0.9, indicating it may be undervalued compared to its peers. Overall, the combination of strong recent performance and positive financial indicators has contributed to the stock's upward movement.