Why is HB Estate Devel. falling/rising?

As of 17-Nov, HB Estate Developers Ltd is experiencing a price increase, with its current price at Rs 83.30, reflecting a rise of Rs 5.09 or 6.51%. The stock has shown strong performance today, outperforming its sector by 6.35% and opening with a gain of 7.39%. It reached an intraday high of Rs 85.8, which is a 9.7% increase. In terms of returns, the stock has performed well over the last three years with a remarkable increase of 293.85%, although it has seen a decline of 15.00% year-to-date. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 462.9% compared to the five-day average, indicating heightened interest in the stock.
In the broader market context, the stock's short-term performance over the past week shows a gain of 6.30%, which is substantially higher than the Sensex's increase of 1.69% during the same period. This suggests that while the stock has faced challenges in the longer term, it is currently benefiting from positive momentum relative to the benchmark. However, it is important to note that the stock's performance over the past month and year-to-date has been negative, indicating that despite today's gains, there are underlying challenges that may affect its future performance.