Why is HPL Electric falling/rising?

As of 30-Jun, HPL Electric & Power Ltd's stock price is currently at Rs 569.80, reflecting an increase of Rs 29.05 or 5.37%. Today's price summary indicates that the stock has outperformed its sector by 4.62% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 570.05 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent drop in investor participation, with delivery volume falling by 38.91% against the 5-day average, the stock has shown strong performance over various time frames, including a 29.79% return over the past year and an impressive 891.82% return over the last three years. The company's financial health is underscored by a 171.72% growth in net profit and consistent positive results over the last seven quarters, contributing to its attractive valuation.
In the broader market context, HPL Electric's short-term return of 8.45% over the past week significantly outpaces the Sensex's return of 2.09% during the same period. This strong performance relative to the benchmark reflects investor confidence, bolstered by the company's solid financial metrics, including a high return on capital employed and a favorable debt-equity ratio. The stock's ability to generate consistent returns and outperform the BSE 500 over the last three years further enhances its appeal, suggesting that the recent price rise is supported by both strong fundamentals and positive market sentiment.