Why is High Energy Bat. falling/rising?

As of 08-Jul, High Energy Batteries (India) Ltd is experiencing a decline in its stock price, currently at 778.05, which reflects a decrease of 14.65 points or 1.85%. The stock has underperformed its sector by 1.9% today and has seen a trend reversal after two consecutive days of gains. Additionally, the stock's delivery volume has significantly decreased by 71.81% compared to the 5-day average, indicating falling investor participation. Despite this, the company has shown strong financial performance recently, with its net sales and operating profit reaching their highest levels in recent quarters, alongside a low debt to EBITDA ratio, which suggests a solid ability to service debt. The increase in promoter stake by 1.17% also signals rising confidence in the company's future.
In the broader market context, the stock's performance over the past week shows a decline of 1.51%, while the benchmark Sensex has remained relatively flat with a slight increase of 0.02%. Over the past month, however, High Energy Batteries has outperformed the Sensex with a return of 10.48% compared to the benchmark's 1.85%. Despite the recent downturn, the stock has shown significant growth over longer periods, including a 27.13% increase year-to-date and a remarkable 189.46% rise over the past three years, indicating that while there may be short-term volatility, the long-term outlook remains positive.