Why is HPL Electric falling/rising?

As of 16-Jul, HPL Electric & Power Ltd's stock is currently priced at 629.10, reflecting an increase of 3.0 or 0.48%. The stock has been gaining momentum, having outperformed its sector by 1.28% today and achieving a consecutive gain over the last three days with a total rise of 4.9% in that period. It is trading above all key moving averages, indicating strong upward momentum. Additionally, the company has reported impressive financial results, including a 171.72% growth in net profit and positive results for the last seven consecutive quarters, contributing to its attractive valuation and consistent returns over the past three years.
In the broader market context, HPL Electric's performance has been notably strong compared to the benchmark, with a 7.17% increase over the past week while the Sensex has declined by 1.08%. Over the past month, the stock has risen by 14.90%, significantly outperforming the Sensex's 1.02% gain. Despite a recent decline in investor participation, as indicated by a 23.33% drop in delivery volume, the stock's liquidity remains adequate for trading. Overall, the combination of strong financial performance and consistent returns has positioned HPL Electric favorably in the market, contributing to its rising stock price.