Why is HBL Engineering falling/rising?

As of 25-Aug, HBL Engineering Ltd's stock price is currently at Rs 781.50, reflecting a decrease of Rs 18.85 or 2.36%. The stock has recently experienced a trend reversal, falling after ten consecutive days of gains. It is currently 4.28% away from its 52-week high of Rs 814.95. Despite this decline, the stock has shown strong performance over the past month, with a return of 36.88%, significantly outperforming the Sensex, which only gained 0.21%. However, the stock underperformed its sector today by 2.12%, and there has been a notable drop in investor participation, with delivery volume falling by 29.67% against the five-day average.
In the broader market context, HBL Engineering's recent performance contrasts with the Sensex's modest gain of 0.45% over the past week. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 88.47%, and it recently reported positive quarterly results after two consecutive negative quarters. This includes a significant growth in profit after tax and net sales, indicating strong fundamentals. However, the current decline in stock price may be attributed to profit-taking after a substantial rally, alongside reduced trading volume, which suggests a temporary pullback despite the company's overall positive outlook and consistent returns over the last three years.