Why is HBL Engineering falling/rising?

As of 02-Sep, HBL Engineering Ltd's stock price is currently at Rs 853.70, reflecting an increase of Rs 14.9 or 1.78%. The stock has recently hit a new 52-week and all-time high of Rs 864.85, indicating strong upward momentum. Over the past week, the stock has gained 10.71%, and it has outperformed its sector by 0.53% today. Additionally, the stock has been on a consecutive gain streak for the last four days, supported by a significant increase in delivery volume, which rose by 41.73% against the five-day average. The company's low debt-to-equity ratio and impressive operating profit growth of 88.47% further bolster investor confidence, contributing to the stock's positive performance.
In the broader market context, HBL Engineering's strong short-term performance contrasts sharply with the benchmark Sensex, which has declined by 0.78% over the same week. The stock has also outperformed the Sensex over various time frames, including a 42.35% increase over the past month compared to a 0.55% decline in the benchmark. This consistent outperformance, coupled with the company's recent positive financial results, has likely attracted more investor interest, enhancing liquidity and driving the stock price higher.