Why is High Energy Bat. falling/rising?

As of 15-Jul, High Energy Batteries (India) Ltd is experiencing a slight increase in its stock price, currently at Rs 770.00, reflecting a change of 2.0 or 0.26% upward. The stock has shown a positive trend over the last two days, gaining 0.46% during this period, and opened with a 2% gain today, reaching an intraday high of Rs 783.35. Despite this, the stock has underperformed its sector by 0.35% today and has a mixed performance over various time frames, with a notable 12.90% increase over the past month, although it is down 1.03% over the past week. The company has recently reported positive financial results, marking the highest net sales and operating profit margins in recent quarters, alongside a low Debt to EBITDA ratio, which indicates strong debt servicing capability. Additionally, rising promoter confidence, with a 1.17% increase in their stake, suggests optimism about the company's future.
In the broader market context, the stock's performance over the past week has been slightly better than the benchmark Sensex, which has declined by 1.36% compared to the stock's 1.03% drop. However, the stock has significantly outperformed the benchmark over the longer term, with a year-to-date return of 25.82% against the Sensex's 5.67%. This indicates that while the stock is currently experiencing a modest rise, it has been able to maintain a strong position relative to the market over a longer horizon, reflecting investor confidence despite some short-term fluctuations.