Why is Varroc Engineer falling/rising?

As of 05-June, Varroc Engineering Ltd's stock price is currently at 552.00, reflecting an increase of 6.0, or 1.1%. The stock has been gaining for the last two days, with a return of 2.29% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive technical trend. Despite a year-to-date decline of 5.84% and a 4.98% drop over the past year, the company has shown healthy long-term growth with an annual operating profit increase of 39.24%. The stock is currently considered to be in a mildly bullish range, supported by positive technical indicators such as Bollinger Bands and On-Balance Volume (OBV). However, it is worth noting that the stock's profits have decreased by 67% over the past year, which may temper investor enthusiasm.
In the broader market context, Varroc Engineering's short-term performance has outpaced the Sensex, which has seen a slight decline of 0.23% over the past week, while Varroc's stock has risen by 6.42%. This indicates that the stock is performing well relative to the benchmark index. The liquidity of the stock remains adequate, although there has been a decline in delivery volume, which fell by 16.89% against the 5-day average. Overall, while the stock shows positive short-term momentum and technical strength, the significant drop in profits over the past year may raise concerns among investors about its sustainability in the long run.