Why is HPL Electric falling/rising?

As of 18-Jul, HPL Electric & Power Ltd is currently priced at 606.35, reflecting a decrease of 9.55 points or 1.55%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 3.62%. Despite this short-term downturn, the stock has shown positive performance over longer periods, with a 1-week return of 1.09% and a 1-month return of 13.77%. The company has reported strong financial results, including a significant net profit growth of 171.72% and positive results for the last seven consecutive quarters. However, the stock's liquidity has decreased, with a notable drop in delivery volume by 51.83% compared to the 5-day average, which may be contributing to the recent price decline.
In the broader market context, HPL Electric has outperformed the Sensex over various timeframes, including a year-to-date return of 11.38% compared to the Sensex's 4.63%. This indicates that while the stock is facing short-term challenges, its long-term performance remains strong relative to the market. The stock's attractive valuation, indicated by a low PEG ratio of 0.4 and a favorable debt-equity ratio, suggests that it is trading at a discount compared to its peers. Despite the recent price drop, the overall trend shows that HPL Electric has consistently generated returns, outperforming the BSE500 over the last three years, which may provide a buffer against the current volatility.