Why is HBL Engineering falling/rising?

As of 18-Jul, HBL Engineering Ltd's stock price is currently at 603.05, reflecting a decrease of 6.45, or 1.06%. The stock has underperformed its sector today by 0.82%, and its delivery volume has fallen by 14.07% compared to the 5-day average, indicating a decline in investor participation. Over the past week, the stock has decreased by 1.16%, while it has shown a modest gain of 4.28% over the past month. However, the company has faced significant challenges, including a 9.49% drop in net sales and negative results for the last two consecutive quarters, which have contributed to a decline in its profitability metrics. The stock is also trading at a premium compared to its peers, with a high Price to Book Value ratio, which may deter potential investors.
In the broader market context, the Sensex has experienced a slight decline of 0.90% over the past week, suggesting that the overall market sentiment is somewhat negative but not as severe as HBL Engineering's performance. While the stock has shown impressive long-term growth over three and five years, its year-to-date return is down 3.20%, contrasting sharply with the Sensex's gain of 4.63% during the same period. The low stake held by domestic mutual funds, at only 0.52%, may indicate a lack of confidence in the company's current valuation or business outlook, further impacting the stock's recent downward movement.