Why is HPL Electric falling/rising?

As of 17-Jul, HPL Electric & Power Ltd's stock price is currently at 615.90, reflecting a decrease of 13.2 points or 2.1%. Today's price summary indicates that the stock has underperformed its sector by 2.31% and has experienced a trend reversal, falling after three consecutive days of gains. The stock touched an intraday low of Rs 611.7, and the volume traded was closer to this low price, suggesting a lack of strong buying interest. Despite this decline, HPL Electric has shown impressive returns over the past month, with a 15.22% increase, and has consistently outperformed the BSE500 over the last three years, indicating strong long-term performance. The company has also reported significant growth in net profit and has maintained positive results for seven consecutive quarters, contributing to its attractive valuation.
In the broader market context, HPL Electric's short-term performance has been relatively better than the benchmark Sensex, which has declined by 1.12% over the past week, while HPL Electric fell only by 0.20%. However, the stock's recent drop may be attributed to falling investor participation, as evidenced by a 53.58% decrease in delivery volume compared to the five-day average. Despite the current price decline, the company's strong fundamentals, including a low debt-equity ratio and high return on capital employed, suggest that the stock remains a hold for investors looking for long-term growth.