Why is HBL Engineering falling/rising?

As of 11-Aug, HBL Engineering Ltd's stock price is rising, currently at Rs 683.55, reflecting an increase of Rs 85.3 or 14.26%. The stock has shown strong performance today, outperforming its sector by 10.18%, and has gained 14.67% over the last two days. It opened with an 11% gain and reached an intraday high of Rs 692.3. Over the past week, the stock has increased by 12.08%, and it has consistently outperformed the benchmark Sensex, which has declined by 0.51% during the same period. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 54.29%, and it recently reported positive results after two consecutive negative quarters, which has likely contributed to the stock's upward movement.
In the broader market context, HBL Engineering's short-term performance contrasts sharply with the Sensex, which has seen a decline of 0.51% over the past week. This strong performance is further supported by rising investor participation, as indicated by a 6.99% increase in delivery volume compared to the five-day average. The stock's liquidity is adequate for trading, and it is trading above its moving averages across various time frames, indicating bullish momentum. Overall, the combination of positive financial results, consistent returns over the past three years, and a low debt-to-equity ratio suggests that investor confidence in HBL Engineering is robust, contributing to its rising stock price.