Why is High Energy Bat. falling/rising?

As of 02-Jul, High Energy Batteries (India) Ltd is experiencing a decline in its stock price, currently at 775.00, which reflects a decrease of 15.0 or 1.9%. The stock has underperformed its sector by 1.62% today and has been on a downward trend for the last four days, resulting in a total drop of 6.67% during this period. Despite this recent decline, the stock has shown positive performance over the past month with a return of 6.16%, and it has significantly outperformed the benchmark over the year-to-date with a return of 26.63%. Additionally, the company has recently reported strong financial results, including the highest net sales and operating profit margins in recent quarters, which may indicate underlying strength despite the current price drop. The promoters have also increased their stake in the company, signaling confidence in its future prospects.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.79% over the past week. While High Energy Batteries has seen a short-term decline, its longer-term performance remains robust, with a 3-year return of 191.81% compared to the Sensex's 57.65%. This suggests that while the stock is currently facing challenges, it has historically provided substantial returns, and the recent financial improvements and rising promoter confidence could position it well for recovery in the future.