Why is HEC Infra Proj. falling/rising?

As of 16-Jul, HEC Infra Projects Ltd is experiencing a price increase, currently at 159.00, reflecting a change of 1.5 (0.95%) upward. The stock has shown strong performance today, outperforming its sector by 0.82%. It is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is below the 20-day moving average. In terms of returns, the stock has gained 1.07% over the past week, 2.85% over the past month, and an impressive 34.80% year-to-date, significantly outperforming the Sensex, which has seen a decline of 1.04% in the same week. The company's robust financial performance, highlighted by a net profit growth of 2080.77% and consistent positive results over the last seven quarters, contributes to its strong buy sentiment. Additionally, rising promoter confidence, with a 1.73% increase in stake, signals optimism about the company's future.
In the broader market context, while HEC Infra Projects Ltd has shown strong short-term returns, the overall market has been under pressure, as indicated by the Sensex's decline. The stock's ability to outperform the benchmark during this period underscores its resilience and investor confidence, despite some risks such as low management efficiency and a high Debt to EBITDA ratio. Overall, the positive financial indicators and increasing promoter confidence appear to be driving the stock's upward movement, contrasting with the broader market's challenges.