Why is HBL Engineering falling/rising?

As of 03-Sep, HBL Engineering Ltd is currently priced at 850.65, reflecting a decrease of 3.05 or 0.36%. The stock recently hit a new 52-week high of Rs 872.5 but has since fallen after four consecutive days of gains. Today's performance indicates that the stock underperformed its sector by 0.81%, with an intraday low of Rs 834.25. Despite this decline, the stock has shown impressive returns over various periods, including a 41.85% increase over the past month and a staggering 870.51% rise over the last three years. The company's low debt-to-equity ratio and strong operating profit growth of 88.47% annually further support its long-term potential, although recent delivery volume has decreased by 19.6%, indicating a drop in investor participation.
Broader market context shows that while HBL Engineering has outperformed the benchmark Sensex over the past week and month, the overall market has been relatively flat, with the Sensex showing a slight decline of 0.27% over the past week. The stock's strong historical performance, including a 36.54% year-to-date return compared to the Sensex's 3.11%, suggests that it has been a favorable investment. However, the recent price drop may reflect profit-taking after reaching new highs and a temporary dip in trading volume, which could signal caution among investors despite the company's solid fundamentals.