Why is HB Estate Devel. falling/rising?

As of 24-Jul, HB Estate Developers Ltd is experiencing a price increase, currently at Rs 80.60, reflecting a rise of 1.4 (1.77%). Today's performance indicates that the stock has outperformed its sector by 1.71%, reaching an intraday high of Rs 82.45, which is a 4.1% increase. Despite this positive movement, the stock has shown a decline of 5.57% over the past week and 10.44% over the past month. However, the company has reported strong financial results, including an 8.95% growth in operating profit and a 55.89% increase in profit after tax over the last six months. The stock is trading at a discount compared to its peers, and its positive financial indicators, such as a high return on capital employed (ROCE) and consistent profit growth, contribute to its recent price movement.
In the broader market context, while HB Estate Developers has outperformed its sector today, its short-term performance contrasts with the benchmark Sensex, which has only declined by 0.09% over the past week. The stock's year-to-date performance shows a significant underperformance of -17.76% compared to the Sensex's gain of 5.18%. This disparity highlights the challenges the company faces, including weak long-term fundamental strength and a high debt-to-EBITDA ratio, which may affect investor sentiment despite the recent positive price movement.