Why is Aarvi Encon falling/rising?

As of 14-Nov, Aarvi Encon Ltd is experiencing a significant rise in its stock price, currently at 137.68, reflecting an increase of 17.65, or 14.7%. The stock has outperformed its sector today by 14.56%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decrease in delivery volume by 32.33% compared to the 5-day average, the company has shown strong financial performance, with a net profit growth of 127.49% and positive results for the last four consecutive quarters. The stock's fair valuation, indicated by a price-to-book value of 1.6 and a PEG ratio of 0.4, suggests that it is trading at a premium compared to its peers, which may contribute to investor interest and the recent price increase.
In the broader market context, Aarvi Encon's short-term return of 15.01% over the past week significantly outpaces the Sensex's return of 1.64% during the same period. However, the stock's year-to-date performance of 2.17% lags behind the Sensex's 9.58%, indicating a mixed performance over a longer timeframe. The company's low debt-to-equity ratio and strong profit growth may be attracting investors, despite the overall market conditions. This combination of strong financial results and relative outperformance in the short term likely supports the upward movement in Aarvi Encon's stock price.