Why is HPL Electric falling/rising?

As of 11-Jul, HPL Electric & Power Ltd is experiencing a decline in its stock price, currently at Rs 599.80, reflecting a decrease of Rs 17.35 or 2.81%. Today's price summary indicates that the stock has underperformed its sector by 0.93% and has fallen after three consecutive days of gains, touching an intraday low of Rs 588.4, which represents a drop of 4.66%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 3.78% and 5.47%, respectively. The company has also reported impressive financial results, including a 171.72% growth in net profit and positive results for the last seven consecutive quarters, contributing to a favorable valuation compared to its peers.
In the broader market context, while HPL Electric has shown resilience with a year-to-date return of 10.18%, the benchmark Sensex has only increased by 5.58% during the same period. This indicates that HPL Electric has outperformed the broader market, particularly over the long term, with a staggering 874.49% return over the last three years. However, the recent price drop may reflect profit-taking after a strong run, as well as the stock's current underperformance relative to its sector. The liquidity of the stock remains healthy, with a significant increase in delivery volume, suggesting continued investor interest despite the recent decline.