Why is High Energy Bat. falling/rising?

As of 17-Jul, High Energy Batteries (India) Ltd is experiencing a decline in its stock price, currently at Rs 749.00, which reflects a decrease of Rs 7.0 or 0.93%. The stock has underperformed its sector by 0.72% today and has been on a downward trend for the last two days, accumulating a total loss of 2.73%. Over the past week, the stock has decreased by 4.22%, while it has shown a positive return of 9.92% over the past month. Despite these recent declines, the company has demonstrated strong financial performance with its highest quarterly net sales and operating profit margins reported in March 2025, following five consecutive negative quarters. Additionally, the promoters have increased their stake in the company, indicating confidence in its future prospects, which may provide some support against the current price drop.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 1.12% over the past week. This indicates that while High Energy Batteries is facing specific challenges, the overall market is also experiencing a downturn, albeit to a lesser extent. The stock's year-to-date performance remains strong at 22.39%, significantly outperforming the Sensex's 5.27% increase, suggesting that the stock has had a robust start to the year despite its recent struggles. The liquidity of the stock remains adequate, which could facilitate trading activity, but the current negative momentum may overshadow these positive aspects in the short term.