Why is Aeroflex Enter. falling/rising?

As of 17-Jul, Aeroflex Enterprises Ltd is experiencing a price increase, with the current price at Rs 112.70, reflecting a rise of 1.95 (1.76%). The stock has shown strong performance recently, gaining 16.97% over the last seven days and outperforming its sector by 1.59% today. Additionally, it has outperformed the benchmark Sensex over various periods, including a 24.24% increase over the past month and a remarkable 231.96% increase over the last three years. The stock is also trading above its moving averages, indicating positive momentum. However, it is important to note that while the stock has generated a return of 20.02% over the past year, its profits have decreased by 79.4%, which could be a concern for investors.
In the broader market context, Aeroflex's short-term return of 13.49% over the past week significantly contrasts with the Sensex, which has declined by 1.12% during the same period. This indicates that Aeroflex is not only performing well in isolation but is also gaining traction against a backdrop of broader market weakness. The stock's strong long-term fundamentals, characterized by an average Return on Equity (ROE) of 17.13% and healthy operating profit growth, further support its rising price. Despite the recent profit decline, the stock's attractive valuation and market-beating performance in both the long and near term contribute to its upward trajectory.