Why is HBL Engineering falling/rising?

As of 17-Jul, HBL Engineering Ltd's stock price is currently at 609.50, reflecting an increase of 3.35 (0.55%). Today's performance indicates that the stock has outperformed its sector by 0.76%. It is trading higher than the 20-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 5-day moving average. However, there has been a notable decline in investor participation, with delivery volume falling by 44.13% against the 5-day average. While the company has a low debt-to-equity ratio and has shown healthy long-term growth with an annual operating profit increase of 54.29%, it has also faced significant challenges. The company reported a -9.49% decline in net sales and has declared negative results for the last two consecutive quarters, leading to a -44.6% fall in PAT compared to the previous four-quarter average. This combination of positive growth potential and recent negative performance results contributes to the stock's mixed outlook.
In the broader market context, HBL Engineering's short-term return over the past week is -2.38%, which is significantly worse than the benchmark Sensex's decline of only -1.12%. Over the past month, however, HBL Engineering has shown a positive return of 2.91%, compared to the Sensex's 0.83% increase. Despite the stock's recent upward movement, the overall negative sentiment stemming from consecutive poor quarterly results and a relatively low stake from domestic mutual funds suggests that investor confidence may be wavering. The stock's premium valuation compared to its peers, alongside a year-over-year return of -4.50% and a profit decline of -7.5%, further complicates its market position.