Why is Aarvi Encon falling/rising?

As of 23-Sep, Aarvi Encon Ltd's stock price is currently at 126.11, reflecting an increase of 1.71, or 1.37%. The stock has outperformed its sector today by 1.62% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive movement, the stock has shown a year-to-date decline of 6.42% and a one-year decline of 11.39%, indicating a longer-term underperformance. The company has reported positive results for the last three consecutive quarters, with net sales reaching their highest at Rs 151.30 crore and a significant operating profit margin. However, the stock's long-term growth prospects appear limited, with an annual operating profit growth rate of only 4.51% over the last five years.
In the broader market context, Aarvi Encon's short-term return of 0.13% over the past week contrasts with a decline of 0.28% in the Sensex, suggesting that the stock is performing relatively better than the benchmark in the short term. However, the stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor caution. The company's low debt-to-equity ratio and fair valuation, alongside a PEG ratio of 1.7, indicate a stable financial position, but the overall negative sentiment from its long-term performance could be weighing on investor confidence.