Why is Aarvi Encon falling/rising?

As of 15-Jul, Aarvi Encon Ltd is experiencing a decline in its stock price, currently at 106.84, reflecting a decrease of 0.44 or 0.41%. The stock has underperformed its sector today by 0.98%, and it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has decreased by 2.95%, and it has shown a significant decline of 20.72% year-to-date. While the company reported positive quarterly results with the highest net sales and operating profit margins, it has also faced a drop in profits by 11.5% over the past year, contributing to its negative return of 18.98%. The low debt-to-equity ratio and attractive valuation may not be sufficient to offset the concerns regarding poor long-term growth and underperformance relative to broader market indices.
In the broader market context, Aarvi Encon's recent performance contrasts with the Sensex, which has gained 6.56% year-to-date. The stock's short-term return of -2.95% over the past week is notably worse than the Sensex's decline of 1.28% in the same period. This underperformance highlights the challenges the company faces in maintaining investor confidence, especially given its history of generating negative returns over the last year and its inability to keep pace with the market's growth. The combination of these factors suggests that despite some positive financial indicators, the overall sentiment around Aarvi Encon remains cautious, leading to its current price decline.