Why is HPL Electric falling/rising?

As of 04-Jul, HPL Electric & Power Ltd is currently priced at 577.95, reflecting a decrease of 1.8, or 0.31%. The stock has recently experienced a trend reversal, falling after four consecutive days of gains. Despite this decline, it has shown strong performance in the past week, with a return of 6.88%, while the Sensex has decreased by 0.74%. The stock is trading above its moving averages for 5, 20, 50, 100, and 200 days, indicating a generally positive trend. Additionally, the company has reported a significant growth in net profit of 171.72% and has consistently delivered positive results over the last seven quarters, contributing to its attractive valuation and strong investor interest.
In the broader market context, HPL Electric's recent performance contrasts with the benchmark, as it has underperformed its sector by 0.34% today. While the stock has generated a return of 29.17% over the past year, the benchmark has only returned 4.23%, indicating a strong relative performance over a longer period. However, the recent decline may reflect profit-taking after its previous gains and the overall market sentiment. Despite the current drop, the stock's liquidity remains healthy, and its robust financial metrics suggest that it may still be an attractive investment compared to its peers.