Why is HBL Engineering falling/rising?

As of 27-Oct, HBL Engineering Ltd's stock price is rising, currently at 992.15, reflecting an increase of 60.35 (6.48%). The stock has recently hit a new 52-week and all-time high of Rs. 997, demonstrating strong performance with a 7.29% gain over the last two days. In terms of returns, HBL Engineering has outperformed the benchmark Sensex significantly, with a 1-week return of +5.09% compared to the Sensex's +0.49%, and a year-to-date return of +59.25% against the Sensex's +8.50%. The company has shown healthy long-term growth, with an operating profit growth rate of 88.47% annually, and has recently reported positive quarterly results after two negative quarters, which has likely bolstered investor confidence.
Broader Market Context: The stock's strong performance is further supported by increasing participation from institutional investors, who have raised their stake by 2.56% in the last quarter, indicating a positive outlook on the company's fundamentals. Despite a decline in delivery volume, which fell by 47.6% against the 5-day average, the stock remains liquid enough for trading, suggesting that investor interest is still present. Overall, HBL Engineering's consistent returns over the past three years, including an impressive 89.11% return in the last year, highlight its resilience and attractiveness compared to the broader market, where the Sensex has only gained 6.77% over the same period.