Why is HP Adhesives falling/rising?

As of 05-Jun, HP Adhesives Ltd is currently priced at 51.16, reflecting an increase of 0.44, or 0.87%. The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week is slightly better than the benchmark, with a decline of only 0.06% compared to the Sensex's drop of 0.23%. Despite this minor uptick, the stock has significantly underperformed over longer periods, with a year-to-date decline of 37.48% and a one-year drop of 45.25%. Additionally, while the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, recent negative results, including a 21.81% decline in profit after tax and the lowest operating profit to net sales ratio, have contributed to the stock's struggles.
In the broader market context, HP Adhesives' recent performance contrasts with the Sensex, which has gained 4.23% year-to-date. The stock's returns have been consistently below the benchmark, with a notable underperformance over the last three years, one year, and three months. The falling investor participation, as evidenced by a 28.64% drop in delivery volume, further reflects a lack of confidence among investors. Overall, while there are some positive factors such as attractive valuation and low debt levels, the negative financial results and technical indicators suggest that the stock remains in a challenging position within the market.