Why is HP Adhesives falling/rising?

As of 04-September, HP Adhesives Ltd is experiencing a decline in its stock price, currently at 45.83, which reflects a change of -0.15 or -0.33%. The stock has underperformed significantly over various periods, with a year-to-date return of -43.99% and a one-year return of -53.24%. Despite today's performance showing an outperformance against its sector by 0.56%, the stock is trading below all its moving averages, indicating a bearish trend. Additionally, while the company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 2.3, its profits have decreased by 23.7% over the past year, contributing to negative sentiment around the stock.
In the broader market context, HP Adhesives' short-term return of -0.89% over the past week contrasts sharply with the Sensex, which has gained 0.80% in the same period. This underperformance relative to the benchmark suggests that investor confidence in HP Adhesives is waning, despite a slight increase in delivery volume, which indicates some rising investor participation. Overall, the stock's significant decline in value over the past year, coupled with its current trading position below moving averages, reflects a challenging environment for HP Adhesives amidst a generally stable market backdrop.