Why is Aarvi Encon falling/rising?

As of 13-Aug, Aarvi Encon Ltd's stock price is rising, currently at 120.55, reflecting a change of 20.09, or 20.0%. The stock has outperformed its sector today by 20.24%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 18.19%, while it has shown a return of 11.26% over the past month. The company has also reported positive results for the last three consecutive quarters, with net sales reaching their highest at Rs 151.30 crore and a low debt-to-equity ratio of 0.02 times, which contributes to its attractive valuation. However, despite these positive indicators, the stock has underperformed in the long term, with a return of -13.45% over the past year.
In the broader market context, while Aarvi Encon has shown strong short-term performance, the benchmark Sensex has only increased by 0.18% in the past week and decreased by 2.11% over the past month. This indicates that the stock's recent rise is not entirely reflective of broader market trends. The company's operating profit growth has been modest at an annual rate of 8.22% over the last five years, and although it has generated positive results recently, its overall performance has lagged behind the market, which has seen a negative return of -0.64% in the last year. Thus, while the stock is currently rising, it faces challenges in sustaining this momentum in the long term.