Why is HPL Electric falling/rising?

As of 13-Aug, HPL Electric & Power Ltd's stock is rising, with a current price of Rs 593.35, reflecting an increase of Rs 9.8 or 1.68%. The stock has shown strong performance today, outperforming its sector by 1.59% and achieving a consecutive gain over the last three days, with a total return of 4.92% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has also reported positive results for the last eight consecutive quarters, with a significant growth in profit after tax and a low debt-equity ratio, contributing to its attractive valuation compared to peers.
In the broader market context, HPL Electric's short-term return of +3.77% over the past week contrasts with the Sensex, which has remained flat at -0.01%. While the stock has generated a return of -1.63% over the past year, its profits have increased significantly, leading to a favorable PEG ratio of 0.4. This suggests that despite the recent underperformance in the long term, the stock's fundamentals remain strong, which may be driving investor interest and contributing to its recent price rise.