Why is Aarvi Encon falling/rising?

As of 14-Aug, Aarvi Encon Ltd's stock price is currently at 124.12, reflecting an increase of 3.57, or 2.96%. The stock has shown strong performance recently, outperforming its sector by 5.21% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 1315.62% compared to the 5-day average. Despite a year-to-date decline of 7.90%, the stock has performed well over the past week and month, with returns of 21.91% and 15.70%, respectively. The company has also reported positive financial results over the last three quarters, with net sales and operating profit reaching their highest levels, contributing to a favorable outlook.
In the broader market context, Aarvi Encon's recent short-term returns have significantly outperformed the Sensex, which has only increased by 0.14% over the past week. While the stock has faced challenges with a year-over-year return of -9.22%, its profits have risen by 9.5%, indicating potential for recovery. The company's low debt-to-equity ratio and fair valuation compared to peers further support its stock price movement. However, concerns about long-term growth persist, as the operating profit has only grown at an annual rate of 4.51% over the last five years. Overall, the combination of strong recent performance and positive financial indicators has contributed to the stock's upward movement.