Why is HBL Engineering falling/rising?

As of 21-Jul, HBL Engineering Ltd's stock price is currently at 596.00, reflecting a decrease of 7.05, or 1.17%. The stock has underperformed its sector by 2.27% today and has experienced a consecutive decline over the last two days, with a total drop of 2.21%. Despite being higher than the 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 20-day moving averages. The company has reported a significant fall in net sales of 9.49% and has declared negative results for the last two consecutive quarters, contributing to a decline in investor confidence. Additionally, the stock's valuation appears expensive with a price-to-book value of 11.1, and domestic mutual funds hold only a minimal stake of 0.52%, indicating a lack of comfort at current price levels.
In the broader market context, HBL Engineering's short-term performance has been negative, with a 1-week return of -0.65%, while the benchmark Sensex has only declined by 0.06% during the same period. Over the past month, however, the stock has shown a positive return of 3.11%, contrasting with the Sensex's slight decrease of 0.25%. This suggests that while the stock has had some recovery in the longer term, recent negative financial results and declining investor participation have overshadowed these gains, leading to its current downward trend.