Why is HBL Engineering falling/rising?

As of 26-Aug, HBL Engineering Ltd's stock price is currently at Rs 771.10, reflecting a decrease of Rs 10.4 or 1.33%. The stock has been experiencing a downward trend, having lost 3.65% over the last two days, and it touched an intraday low of Rs 763.75. Despite this recent decline, the stock has shown strong performance over the longer term, with a remarkable 35.06% increase over the past month and a staggering 869.94% rise over the last three years. The company has reported positive financial results, including a 109.7% growth in profit after tax for the most recent quarter, which may indicate underlying strength despite the current price drop. However, a significant decline in investor participation, with delivery volume falling by 51.13% against the five-day average, could be contributing to the stock's recent struggles.
In the broader market context, HBL Engineering's short-term performance has been weaker than the benchmark, with a 1-week return of -2.39% compared to the Sensex's decline of only -1.05%. This underperformance in the short term contrasts with the stock's strong year-to-date return of 23.77% against the Sensex's 3.39%, indicating that while the stock has been a strong performer overall, recent trends may be causing concern among investors. The liquidity of the stock remains adequate for trading, but the combination of falling investor participation and recent price declines suggests that market sentiment may be shifting, impacting the stock's price movement.