Why is HBL Engineering falling/rising?

As of 01-Sep, HBL Engineering Ltd's stock price is currently at Rs. 838.80, reflecting an increase of Rs. 30.8, or 3.81%. The stock has been on an upward trend, gaining 8.78% over the last three days and hitting a new 52-week high of Rs. 852.5 today. It has outperformed its sector by 0.35% and is trading above all key moving averages, indicating strong momentum. The company has shown healthy long-term growth, with an operating profit growing at an annual rate of 88.47%, and it recently reported positive quarterly results after two consecutive negative quarters, contributing to investor confidence and the stock's rise.
In the broader market context, HBL Engineering's short-term performance stands in stark contrast to the Sensex, which has declined by 1.56% over the past week. The stock has delivered a remarkable 39.87% return over the past month, while the benchmark has remained nearly flat at -0.29%. This significant outperformance highlights the stock's resilience and attractiveness to investors, particularly in light of its low debt-to-equity ratio and consistent returns over the past three years, further bolstering its appeal in a challenging market environment.