Why is HBL Engineering falling/rising?

As of 30-Jun, HBL Engineering Ltd's stock price is currently at 592.75, reflecting an increase of 1.95 (0.33%). The stock has shown a positive trend recently, gaining for the last two days with a total return of 0.98% during this period. It has outperformed its sector by 0.34% today. However, despite this short-term gain, the stock has experienced a decline of 1.00% over the past month and a year-to-date drop of 4.86%. The company has reported a low Debt to Equity ratio and healthy long-term growth, with operating profit increasing at an annual rate of 54.29%. Yet, it has faced challenges, including a significant fall in net sales of 9.49% and negative results in the last two consecutive quarters, which may be impacting investor sentiment.
In the broader market context, HBL Engineering's short-term return of +4.62% over the past week has outperformed the Sensex, which increased by 2.09% during the same period. Despite this positive short-term performance, the stock's year-to-date performance lags behind the benchmark, which has risen by 7.00%. The stock's valuation appears expensive relative to its peers, and the low participation from domestic mutual funds, holding only 0.52%, suggests a lack of confidence in the stock's current price or business outlook. Overall, while recent gains may indicate some recovery, the underlying financial challenges and market perceptions could be contributing to a cautious outlook for HBL Engineering Ltd.