Why is HBL Engineering falling/rising?

As of 20-Aug, HBL Engineering Ltd's stock price is currently at Rs 791.40, reflecting an increase of 1.45 (0.18%). The stock has been on a positive trajectory, gaining for the last eight days and achieving a remarkable 32.76% return during this period. It reached a new 52-week high of Rs 812.15 today, although it underperformed its sector by 0.25%. The stock has shown strong performance over various time frames, including a 31.23% increase over the past month and a staggering 925.79% rise over the last three years. The company's low debt-to-equity ratio and impressive annual growth in operating profit, which has increased by 88.47%, contribute positively to its recent price movement.
In the broader market context, HBL Engineering's short-term return of 3.71% over the past week significantly outpaces the Sensex's return of 1.64% during the same period. This indicates that the stock is performing well relative to the overall market. Despite a decline in investor participation, as evidenced by a 64.92% drop in delivery volume compared to the five-day average, the stock remains liquid enough for trading. The company's consistent returns and positive financial results, including a record high in net sales and operating profit, further bolster investor confidence, supporting the stock's upward movement.