Why is Hawa Engineers falling/rising?

As of 04-Aug, Hawa Engineers Ltd's stock price is currently at 130.95, reflecting an increase of 2.95 or 2.3%. The stock has shown a trend reversal today, gaining after two consecutive days of decline, and opened with a gain of 3.09%. It outperformed its sector by 3.58% today, reaching an intraday high of Rs 131.95. Despite this positive movement, the stock has underperformed in the longer term, with a year-to-date return of -41.80% and a one-year return of -18.41%. Factors contributing to its recent price movement include a significant increase in delivery volume, indicating rising investor participation, and the stock trading at a discount compared to its peers. However, the reduction in promoter confidence, with a 7.36% decrease in their stake, raises concerns about the company's future prospects.
Broader Market Context: In comparison to the benchmark Sensex, which has shown a slight gain of 0.16% over the past week, Hawa Engineers has declined by 0.91%. While the stock has outperformed the sector today, its longer-term performance remains concerning, particularly given that it has underperformed the market over the past year. The broader market has generated negative returns of -2.34%, indicating that Hawa Engineers' significant decline is not solely due to market conditions but also reflects specific challenges within the company, such as flat quarterly results and decreasing promoter confidence.