Why is HBL Engineering falling/rising?

As of 14-Jul, HBL Engineering Ltd's stock price is currently at 599.90, reflecting a decrease of 10.2 points or 1.67%. The stock has been experiencing a consecutive decline over the past two days, with a total drop of 3.92%. It has underperformed its sector by 1.95% today, and its delivery volume has decreased by 4.6% compared to the five-day average, indicating falling investor participation. Although the stock has shown a positive return of 4.73% over the past year, it has faced challenges with a significant drop in net sales of 9.49% and negative results in the last two quarters, leading to concerns about its profitability and valuation.
In the broader market context, HBL Engineering's short-term performance has been weaker compared to the benchmark, with a 1-week return of -5.73% against the Sensex's -1.42%. Despite a strong long-term growth trajectory with an annual operating profit growth rate of 54.29% and a remarkable 587.17% return over the last three years, the recent negative financial results and a high Price to Book Value ratio suggest that the stock is trading at a premium compared to its peers. The low stake held by domestic mutual funds further indicates a lack of confidence in the stock's current valuation, contributing to its recent price decline.