Why is Aarvi Encon falling/rising?

As of 17-Sep, Aarvi Encon Ltd's stock price is currently at 122.79, reflecting a decrease of 3.16, or 2.51%. The stock has underperformed its sector by 3.04% today, despite showing higher performance than its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.30%, and it has also seen a significant drop of 15.62% over the past year. Although the company has reported positive results for the last three consecutive quarters, with notable growth in profit before tax, profit after tax, and net sales, the stock's long-term growth prospects appear weak, as indicated by a low operating profit growth rate of 4.51% over the last five years. Additionally, the stock is trading at a premium compared to its peers, which may contribute to investor caution.
In the broader market context, Aarvi Encon's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.43% over the past week and 7.13% year-to-date. This consistent underperformance against the benchmark over the last three years, coupled with a significant decline in stock returns, suggests that investor sentiment may be negatively influenced by the company's inability to match market growth. Despite rising investor participation, as evidenced by a 95.35% increase in delivery volume, the overall trend indicates that the stock is struggling to attract sustained interest, leading to its current downward price movement.