Why is HPL Electric falling/rising?

As of 17-Nov, HPL Electric & Power Ltd's stock price is currently at Rs 465.70, reflecting an increase of Rs 8.25 or 1.8%. The stock has shown positive momentum, gaining 3.55% over the last two days and outperforming its sector by 0.55% today. It opened with a gain of 2.38% and reached an intraday high of Rs 481.05. Despite these short-term gains, the stock has underperformed over the past year with a return of -6.35%, even as the company's profits have risen significantly by 49.4%. The company has reported positive results for the last eight consecutive quarters, with a notable PAT growth of 80.83% and a low debt-equity ratio of 0.70 times, which suggests a strong financial position. However, the stock's long-term fundamental strength is questioned due to a high Debt to EBITDA ratio and a low average ROCE of 9.26%, which may deter investor confidence.
In the broader market context, HPL Electric's short-term return of 1.78% over the past week slightly outpaces the Sensex's return of 1.69%. While the stock has shown resilience in the short term, it has significantly lagged behind the market over the past year, where the BSE500 index has generated returns of 8.59%. The lack of domestic mutual fund investment, holding only 0% of the company, may indicate a lack of confidence among institutional investors, further contributing to the stock's volatility. Overall, while recent performance shows positive trends, the underlying concerns regarding long-term fundamentals and market perception continue to influence the stock's price movements.