Why is HBL Engineering falling/rising?

As of 07-Aug, HBL Engineering Ltd's stock price is currently at 596.10, reflecting a decrease of 6.35 points or 1.05%. The stock has underperformed its sector today, with a consecutive decline over the last two days resulting in a total drop of 2.45%. It opened with a loss of 2.03% and reached an intraday low of Rs 586.1. Over the past week, the stock has shown a modest gain of 1.60%, but it has declined by 6.33% over the past month. The company has reported negative results in recent quarters, including a significant fall in net sales and profit after tax, which has contributed to its recent price decline. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's valuation appears expensive compared to peers, which may deter investor confidence.
In the broader market context, HBL Engineering's short-term performance contrasts with the Sensex, which has decreased by 0.69% over the past week. While the stock has shown a strong return of 579.32% over the last three years, its year-to-date performance is down 4.32%, compared to the Sensex's gain of 3.18%. The limited interest from domestic mutual funds, holding only 0.52% of the company, may indicate a lack of confidence in the stock's current valuation or business prospects, further influencing its downward price movement.