Why is Aarvi Encon falling/rising?

As of 22-Sep, Aarvi Encon Ltd is experiencing a decline in its stock price, currently at 124.40, which reflects a decrease of 1.4 or 1.11%. Today's performance indicates that the stock has underperformed its sector by 0.4%. Despite trading above its moving averages for various periods, the stock has seen a drop in investor participation, with a 9.05% decrease in delivery volume compared to the 5-day average. Over the past week, the stock has gained 0.71%, but it has underperformed the benchmark over the longer term, with a year-to-date decline of 7.69% compared to the Sensex's gain of 6.59%. The company has reported positive results in the last three quarters, with significant increases in net sales and operating profit, yet it has also shown a concerning long-term growth rate of only 4.51% in operating profit over the last five years.
In the broader market context, while Aarvi Encon has shown some short-term resilience with a 2.35% increase over the past month, it has consistently underperformed against the benchmark over the last three years, with a total return of -26.04% compared to the Sensex's 42.95% gain. This persistent underperformance, coupled with a negative annual return of -13.38%, suggests that investor sentiment may be cautious despite the company's recent positive financial results. The stock's premium valuation compared to peers and a relatively low debt-to-equity ratio may not be sufficient to offset concerns about its long-term growth prospects, contributing to the current downward price movement.