Why is HPL Electric falling/rising?

As of 04-Aug, HPL Electric & Power Ltd's stock price is currently at Rs 586.70, reflecting an increase of Rs 13.5 or 2.36%. The stock has shown strong performance recently, gaining 5.2% over the last three days and outperforming its sector by 2.92% today. It has also demonstrated positive returns over the past week, with a 6.78% increase, while its year-to-date performance stands at 7.77%. The company has reported significant growth in net profit, with a 171.72% increase, and has maintained positive results for the last seven consecutive quarters, contributing to its attractive valuation and recent price rise.
Broader Market Context: In comparison to the Sensex, which has only increased by 0.16% over the past week, HPL Electric's performance is notably stronger. While the stock has generated a return of -3.76% over the past year, its profits have risen significantly, indicating a disconnect between stock price and underlying financial performance. The stock's liquidity remains adequate, although there has been a decline in investor participation, as evidenced by a 12.92% drop in delivery volume against the five-day average. Overall, the combination of strong financial results and recent positive momentum in the stock price has contributed to its upward movement.