Why is HBL Engineering falling/rising?

As of 03-Jul, HBL Engineering Ltd's stock price is rising, currently at 636.00, reflecting an increase of 8.75 (1.39%). The stock has shown strong performance recently, gaining 8.35% over the past week and outperforming its sector by 0.91% today. It has been on a consecutive gain streak for the last five days, reaching an intraday high of Rs 646.3. Additionally, HBL Engineering has demonstrated impressive long-term growth, with an annual operating profit increase of 54.29% and a remarkable 568.42% return over the past three years. However, the company has faced challenges, including a 9.49% decline in net sales and negative results in the last two quarters, which may temper investor enthusiasm despite the recent price rise.
In the broader market context, HBL Engineering's short-term return of 8.35% over the past week significantly outperforms the Sensex, which has declined by 0.62% in the same period. While the stock has shown resilience and consistent returns over the last year, generating 21.35%, it is trading at a premium compared to its peers, which could raise concerns among investors. The low participation from domestic mutual funds, holding only 0.52% of the company, suggests a lack of confidence in the stock's valuation or business prospects, potentially impacting future price movements.