Why is HPL Electric falling/rising?

As of 12-Aug, HPL Electric & Power Ltd's stock is currently priced at 583.55, reflecting an increase of 16.35 or 2.88%. The stock has shown a positive trend recently, gaining 3.19% over the last two days and outperforming its sector by 2.23% today. Despite a slight decline of 1.83% over the past week and 2.71% over the past month, the stock has demonstrated significant long-term growth, with a remarkable 824.07% increase over the last three years. The company's strong financial performance, including a 171.72% growth in net profit and consistent positive results over the last seven quarters, supports its recent price movement. Additionally, the stock's attractive valuation, trading at a discount compared to peers, and a favorable PEG ratio of 0.4 contribute positively to investor sentiment.
In the broader market context, while HPL Electric has experienced a decline of 1.83% over the past week, the benchmark Sensex has also fallen, albeit to a lesser extent at 0.59%. This indicates that the stock's recent rise is occurring in a generally weak market environment. The stock's liquidity remains adequate, despite a slight decrease in delivery volume, suggesting that investor interest is still present. Overall, the combination of strong financial results and attractive valuation metrics appears to be driving the stock's recent upward movement, even as it navigates some short-term volatility.