Why is HBL Engineering falling/rising?

As of 09-Sep, HBL Engineering Ltd's stock price is rising, currently at Rs 858.00, reflecting an increase of Rs 21.65 or 2.59%. The stock has shown strong performance today, outperforming its sector by the same percentage increase. It is also close to its 52-week high, just 1.75% away from Rs 873. The stock has demonstrated impressive returns over various periods, including a 43.42% increase in the last month and a staggering 821.59% rise over the past three years. Additionally, the company has recently reported positive financial results, with net sales growing by 22.4% and operating profit reaching its highest levels, contributing to a favorable outlook for investors.
In the broader market context, HBL Engineering's short-term performance has been slightly below that of the benchmark Sensex, which has risen by 1.18% over the past week. Despite this, the stock's long-term growth prospects remain robust, supported by a low debt-to-equity ratio and consistent returns over the last three years, where it has outperformed the BSE500. However, there is a noted decline in investor participation, with delivery volume falling by 16.16% against the five-day average, which could indicate a potential concern for future trading activity. Overall, the combination of strong financial results and historical performance contributes to the stock's rising price, despite some short-term liquidity challenges.