Why is Aarvi Encon falling/rising?

As of 24-Sep, Aarvi Encon Ltd is currently priced at 126.63, reflecting an increase of 0.52, or 0.41%. The stock has shown a positive performance today, outperforming its sector by 1.38%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, there is a notable decline in investor participation, with delivery volume dropping by 64.95% compared to the 5-day average. Despite a year-to-date decline of 6.03% and a 10.42% drop over the past year, the company has reported positive financial results for the last three consecutive quarters, with significant growth in profit before tax, profit after tax, and net sales. The low debt-to-equity ratio and fair valuation further support the stock's recent upward movement.
In the broader market context, Aarvi Encon has outperformed the Sensex over the past week and month, with returns of 3.13% and 4.19%, respectively, while the Sensex has declined by 1.08% and increased by 0.75%. However, the stock has consistently underperformed against the benchmark over the last three years, with a significant annual return of -21.08% compared to the Sensex's 44.61% gain. This long-term underperformance, coupled with a modest growth rate in operating profit over the last five years, suggests that while the stock may be experiencing short-term gains, its long-term growth prospects remain a concern.