Why is High Energy Bat. falling/rising?

As of 10-Jul, High Energy Batteries (India) Ltd is currently priced at 782.00, showing no change (0.00%). The stock has demonstrated a positive performance over the past week, with a return of +2.62%, while the benchmark Sensex has slightly declined by -0.06%. Over the past month, the stock has increased by +12.23%, significantly outperforming the Sensex's +0.97%. Despite this positive trend, the stock underperformed its sector today by -0.58%, and there has been a notable decline in investor participation, with delivery volume falling by -34.74% compared to the 5-day average. However, the company has shown strong financial health with a low Debt to EBITDA ratio of 0.57 times and has recently reported positive quarterly results, indicating a recovery after five consecutive negative quarters. Additionally, rising promoter confidence, as evidenced by a 1.17% increase in their stake, suggests optimism about the company's future.
In the broader market context, High Energy Batteries has outperformed the Sensex significantly over various time frames, including a year-to-date return of +27.78% compared to the Sensex's +6.46%. This strong performance indicates that the stock has been favored by investors despite the recent underperformance today. The overall positive sentiment surrounding the company's financial recovery and the increased stake by promoters may contribute to a favorable outlook, even as short-term trading activity shows some signs of decline.