Why is HBL Engineering falling/rising?

As of 19-Sep, HBL Engineering Ltd's stock price is currently at Rs 838.15, reflecting a decline of Rs 20.25 or 2.36%. The stock has been underperforming, having lost 7.81% over the last four days, and it touched an intraday low of Rs 830. Despite a strong performance over the longer term, with a year-to-date increase of 34.53% and a remarkable 771.71% rise over the past three years, the recent trend indicates a downturn. The company has reported positive financial results, including a significant growth in operating profit and net sales, which suggests underlying strength; however, the stock's recent performance has been negatively impacted by a broader decline in the batteries sector, which fell by 2.15%.
In the broader market context, HBL Engineering's short-term performance has lagged behind the benchmark, as it has decreased by 3.95% over the past week while the Sensex has gained 0.88%. This underperformance is compounded by the stock's recent consecutive falls and a weighted average price indicating more trading activity near its low price. Despite rising investor participation, as evidenced by a 22.85% increase in delivery volume, the stock's liquidity remains adequate for trading. Overall, while the company shows promise with its low debt and healthy long-term growth, the recent price movement reflects a combination of sector-specific challenges and short-term volatility.