Why is HBL Engineering falling/rising?

As of 17-Oct, HBL Engineering Ltd's stock price is currently at Rs 934.70, reflecting an increase of Rs 11.9 or 1.29%. The stock has recently hit a new 52-week and all-time high of Rs 963.5, demonstrating strong performance with a 4.28% rise over the last two days. Over the past week, the stock has outperformed the Sensex, gaining 5.93% compared to the benchmark's 1.76%. Additionally, the company has shown impressive long-term growth, with a remarkable 699.23% increase over the past three years and a 50.03% rise year-to-date. The company has also reported positive quarterly results, with significant growth in profit and sales, contributing to investor confidence.
In the broader market context, HBL Engineering's recent performance stands out as it has consistently outperformed the BSE500 over the last three years, indicating strong relative strength. While the stock has shown robust returns, there is a noted decline in investor participation, with delivery volume falling by 36.98% against the five-day average, which may raise concerns about sustainability. However, the stock's liquidity remains adequate for trading, and its low debt-to-equity ratio supports a favorable outlook. Overall, the combination of strong financial performance and positive market sentiment has contributed to the stock's upward movement.