Why is Aarvi Encon falling/rising?

As of 29-Sep, Aarvi Encon Ltd's stock price is currently at 120.07, reflecting a decrease of 2.5, or 2.04%. The stock has underperformed its sector by 1.26% today, and its delivery volume has significantly dropped by 35.88% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 3.48%, and year-to-date, it has fallen by 10.90%, despite reporting positive results for the last three consecutive quarters, including a 60% growth in profit before tax and a 61.7% increase in profit after tax. The company maintains a low debt-to-equity ratio of 0.02, suggesting financial stability, but the stock is trading at a premium compared to its peers, which may be affecting investor sentiment.
In the broader market context, the Sensex has decreased by 2.25% over the past week, indicating that the stock's decline is somewhat in line with market trends. However, Aarvi Encon's performance over the last month shows a more significant drop of 6.80%, contrasting with the Sensex's slight gain of 0.85%. This disparity highlights the stock's relative weakness in the current market environment, despite its positive financial indicators and majority ownership by promoters. The overall negative sentiment surrounding the stock, coupled with its underperformance against the benchmark, suggests that investors may be cautious, leading to the observed price decline.