Why is Aarvi Encon falling/rising?

As of 19-Sep, Aarvi Encon Ltd's stock price is currently at 125.80, reflecting an increase of 2.95, or 2.4%. The stock has shown strong performance today, outperforming its sector by 2.79%. 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 109.06% compared to the 5-day average. Despite a year-to-date decline of 6.65% and a 12.75% drop over the past year, 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, contributing to a fair valuation and a premium compared to peers.
In the broader market context, Aarvi Encon's short-term return of 10.05% over the past month significantly outpaces the Sensex's return of 1.39% during the same period. However, the stock has consistently underperformed against the benchmark over the last three years, with a long-term growth rate of only 4.51% in operating profit over the past five years. This underperformance, alongside a negative return of -12.75% in the last year, suggests that while recent movements may be positive, the stock's long-term outlook remains challenged compared to broader market trends.