Why is HP Adhesives falling/rising?

As of 28-Aug, HP Adhesives Ltd is currently priced at 46.24, reflecting a slight increase of 0.05 (0.11%). The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.8% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Over the past week, the stock has declined by 1.68%, and it has significantly underperformed with a year-to-date return of -43.49%. The company's low debt-to-equity ratio of 0.02 and attractive valuation with a price-to-book value of 2.3 suggest some underlying strength, but the stock's performance has been hampered by a 54.15% decline over the past year, alongside a 23.7% drop in profits. Additionally, falling participation from institutional investors, who have reduced their stake by 1.6%, raises concerns about the stock's future prospects.
In the broader market context, the Sensex has decreased by 2.34% over the past week, which indicates that HP Adhesives' decline is less severe than the overall market trend. Despite this, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The recent drop in delivery volume by 8.89% against the 5-day average further suggests a lack of investor confidence. Overall, while there are some positive factors such as a low debt ratio and attractive valuation, the significant declines in stock performance and profits, coupled with reduced institutional interest, contribute to a challenging outlook for HP Adhesives Ltd.