Why is Aarvi Encon falling/rising?

As of 18-Sep, Aarvi Encon Ltd's stock price is currently at 122.85, reflecting a slight increase of 0.06 (0.05%). The stock's performance today is in line with the sector, although it has shown a decline of 1.17% over the past week and a more significant drop of 8.84% year-to-date. Despite this, the company has reported positive results for the last three consecutive quarters, with net sales reaching their highest at Rs 151.30 crore and an operating profit margin of 3.26%. However, the stock has a low delivery volume, which has decreased by 13.9% compared to the five-day average, indicating falling investor participation. Additionally, while the stock is trading at a premium compared to its peers, it has consistently underperformed against the benchmark over the last three years, generating a return of -13.54% in the past year.
In the broader market context, the Sensex has increased by 1.67% over the past week and 7.52% year-to-date, highlighting a stark contrast to Aarvi Encon's performance. The company's long-term growth prospects appear limited, with an annual operating profit growth rate of only 4.51% over the last five years. This consistent underperformance against the benchmark, coupled with a significant decline in stock returns over multiple periods, suggests that investor sentiment may be cautious despite the company's recent positive quarterly results.