Why is HBL Engineering falling/rising?

As of 29-Aug, HBL Engineering Ltd's stock price is currently at 808.00, reflecting an increase of 29.75 (3.82%). The stock has recently hit a new 52-week and all-time high of Rs. 834.85, demonstrating strong performance with a 4.79% rise over the last two days. It has outperformed its sector by 2.11% today and is trading above all key moving averages, indicating positive momentum. Despite a decrease in investor participation, with delivery volume falling by 20.8% against the 5-day average, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 88.47%. Additionally, the company reported positive quarterly results, with a significant growth in PAT and net sales, contributing to the stock's upward movement.
In the broader market context, HBL Engineering's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 1.84% over the past week. While the stock has gained 0.96% in the same period, it has also shown remarkable returns over longer durations, outperforming the Sensex significantly over the past month, year, and three years. This consistent outperformance, alongside a low debt-to-equity ratio and strong financial results, positions HBL Engineering favorably in the market, contributing to its rising stock price amidst a generally declining market trend.