Why is HBL Engineering falling/rising?

As of 08-Oct, HBL Engineering Ltd's stock price is rising, currently at 889.15, reflecting an increase of 17.65 or 2.03%. The stock has shown strong performance recently, gaining 9.48% over the last six days and is currently trading close to its 52-week high, just 2.91% away from Rs 915. It has outperformed its sector by 1.9% today and is trading above all key moving averages, indicating a strong upward trend. The company has demonstrated healthy long-term growth, with an annual operating profit growth rate of 88.47%, and has recently reported positive results after two consecutive negative quarters, contributing to investor confidence and the stock's upward movement.
In the broader market context, HBL Engineering's one-week return of 6.72% significantly outpaces the Sensex's return of 0.98%, highlighting its strong performance relative to the benchmark. The stock has consistently outperformed the BSE500 over the past three years, generating 46.58% returns in the last year alone. However, it is worth noting that investor participation has decreased, with delivery volume falling by 2.97% against the five-day average, which could indicate a potential concern for future price movements. Despite this, the overall positive financial indicators and consistent returns suggest a robust outlook for HBL Engineering Ltd.