Why is HBL Engineering falling/rising?

As of 04-Jul, HBL Engineering Ltd's stock price is currently at 630.30, reflecting a decrease of 5.7 points or 0.9%. Today's performance indicates that the stock has underperformed its sector by 1.07%, and it has experienced a trend reversal after five consecutive days of gains. The stock touched an intraday low of Rs 622.25, marking a decline of 2.16%. Despite this, HBL Engineering is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a rise in investor participation with a delivery volume increase of 6.48% compared to the 5-day average. Over the past year, the stock has generated an 18.95% return, significantly outperforming the BSE500 index, although it has faced challenges with a recent fall in net sales and negative results over the last two quarters, which may be contributing to the current price decline.
In the broader market context, HBL Engineering's short-term return over the past week is +6.69%, which contrasts with a slight decline of -0.74% in the Sensex, indicating that the stock has been performing relatively well until the recent downturn. However, the company's negative financial results, including a 9.49% drop in net sales and a significant decrease in profit after tax, have raised concerns among investors, leading to a sell-off. Additionally, the stock's high valuation relative to its peers, coupled with low domestic mutual fund holdings, suggests a lack of confidence in its current price level, which may further influence its downward movement in the market.