Why is Aarvi Encon falling/rising?

As of 29-Aug, Aarvi Encon Ltd is experiencing a price increase, currently at 128.83, which reflects a rise of 12.12 or 10.38%. The stock has outperformed its sector by 9.62% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 6.00%, while it has shown a significant increase of 22.63% over the past month. Despite a decline in investor participation, with delivery volume dropping by 53.3% against the 5-day average, the company has reported positive financial results for the last three consecutive quarters, including a 60% growth in profit before tax and a 61.7% increase in profit after tax. The company maintains a low debt-to-equity ratio of 0.02 and has a fair valuation with a price-to-book value of 1.5, indicating a premium compared to its peers.
In the broader market context, Aarvi Encon's recent performance contrasts sharply with the benchmark Sensex, which has declined by 1.78% over the past week and 1.59% over the past month. While the stock has underperformed on a year-to-date basis with a decline of 4.40%, its recent quarterly profit growth suggests a potential for recovery. However, the long-term growth outlook remains a concern, as the operating profit has only grown at an annual rate of 4.51% over the last five years. This mixed performance indicates that while short-term factors are driving the stock price up, long-term growth prospects may still pose challenges.