Why is Aarvi Encon falling/rising?

As of 29-Jul, Aarvi Encon Ltd's stock price is currently at 105.06, reflecting an increase of 1.98, or 1.92%. Despite this positive movement today, the stock has shown a decline of 5.18% over the past month and a significant drop of 22.04% year-to-date. The stock is trading below its moving averages across various time frames, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 39.73% compared to the 5-day average. The company has reported strong quarterly results, with net sales and operating profit reaching their highest levels, contributing to an attractive valuation relative to its peers. Nonetheless, the stock has faced challenges, including a decline in profits over the past year and poor long-term growth prospects.
In the broader market context, Aarvi Encon's recent performance has outpaced the sector by 0.95% today, but it has underperformed the benchmark Sensex, which has seen a decline of 0.96% over the past week. The stock's long-term performance remains concerning, with a return of -25.76% over the last year, compared to the Sensex's minimal decline of 0.06%. This underperformance in both short and long-term metrics suggests that while there may be short-term gains, the overall outlook for Aarvi Encon remains weak, particularly given its historical challenges and the broader market conditions.