Why is HBL Engineering falling/rising?

As of 16-Jul, HBL Engineering Ltd's stock price is currently at 606.15, reflecting a decrease of 0.55, or 0.09%. The stock's performance today is in line with its sector, although it is experiencing a decline in investor participation, with delivery volume falling by 29.45% against the 5-day average. Over the past week, the stock has decreased by 2.06%, while it has shown a slight decline of 0.02% over the past month. The company has reported negative results for the last two consecutive quarters, including a significant drop in net sales by 9.49% and a 44.6% fall in profit after tax compared to the previous four-quarter average. Despite a healthy long-term growth rate in operating profit, the stock's valuation appears expensive relative to its peers, which may contribute to its recent price movement.
In the broader market context, HBL Engineering's short-term performance has underperformed the benchmark Sensex, which has declined by only 1.08% over the past week. This underperformance is further highlighted by the stock's year-to-date return of -2.70%, compared to the Sensex's gain of 5.75%. The low stake held by domestic mutual funds at only 0.52% may indicate a lack of confidence in the stock's current valuation or business prospects, which could be influencing its price decline. Overall, the combination of negative financial results, declining investor interest, and a high valuation relative to peers suggests that the stock is facing downward pressure in the current market environment.