Why is HBL Engineering falling/rising?

As of 08-Aug, HBL Engineering Ltd's stock price is currently at 598.25, reflecting an increase of 2.15 (0.36%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -0.24% compared to the Sensex's -0.92%. Over the past month, the stock has decreased by 4.63%, while the Sensex has fallen by a similar 4.60%. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 54.29%. However, it has faced challenges, including a significant drop in net sales of 9.49% and negative results for the last two consecutive quarters, which have negatively impacted investor sentiment.
In the broader market context, HBL Engineering's recent performance contrasts with the benchmark, as it has outperformed the sector by 0.73% today. Despite a year-to-date return of -3.97%, the stock has shown consistent returns over the last three years, with a remarkable increase of 605.90%. However, the stock's valuation appears expensive, trading at a premium compared to its peers, and domestic mutual funds hold only a small stake, indicating potential concerns about the company's future performance. Overall, while the stock has seen a slight rise recently, the underlying negative factors, including declining sales and profitability, may continue to weigh on its performance moving forward.